Tag Archives: shaival shah

Ribbon makes massive cuts, leaving fewer than 30 workers

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In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the firm had laid off workers and would now “be a company of less than 30 people.” Continue reading →

Ribbon suspends cash offer service, working on new tools for spring

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The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing. Continue reading →

Ribbon back in expansion mode with push into Illinois and Michigan

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Less than two months after layoffs, the power buyer says it’s still on track to meet a goal of being operational in 25 states by the end of the year. Continue reading →

CoStar, Adena Hefets take top Inman Innovator awards at ICLV

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Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at ICLV on Friday. Continue reading →

Ribbon slashes one-third of workforce to adjust to ‘new reality’

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After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading →

Ribbon partners with Coldwell Banker Heritage for Ohio launch

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Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states. Continue reading →

Power Buyers: What to know about real estate’s buzziest new buyer tools

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The innovation wave has hit the buy-side, with so-called Power Buyers emerging as this year’s buzziest business model. Here’s everything you need to know to power up your clients’ purchasing prowess. Continue reading →

Ribbon jump-starts 2022 expansion push with 2 new markets

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The homeownership startup has December and January launches planned for markets in Alabama and Virginia. The company plans to be in 25 states by the end of next year. Continue reading →

Ribbon raises $150M round, vows to expand into half of US by 2023

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Currently, the homeownership startup operates in North Carolina, South Carolina, Tennessee, Georgia, Texas and Florida. Continue reading →