Tag Archives: softbank

SoftBank posts $6.4B loss, CEO ‘regrets’ WeWork investment

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The company also reported it lost $4.6 billion in its WeWork stock value after WeWork’s failed initial public offering earlier this year. Continue reading →

‘We’re not flipping’: Zillow CEO reveals impetus behind his iBuyer

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“If anyone thinks Zillow is doing Zillow Offers to make money on home price appreciation, they’re wrong,” Rich Barton told the audience at Zillow’s Unlock event Monday. Continue reading →

WeWork’s Neumann offered $1.7B to walk, Softbank gets 80% stake

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Softbank will bail out the co-working giant to the tune of nearly $10 billion while news outlets report that founder Adam Neumann has been offered a $1.7 billion exit package. Continue reading →

Opendoor launches in Salt Lake City

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Opendoor, the well-funded and market-leading iBuying startup, announced Tuesday that it has launched operations in the Salt Lake City, Utah, area. Continue reading →

Compass CEO: No plans for IPO in next 18 months

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Robert Reffkin told The Real Deal that Compass doesn’t plan to go public in the 18 months but declined to say if WeWork’s struggles have anything to do with it. Continue reading →

The Real Word: The beef over Compass’ tech company status

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Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, the CEO of SoftBank, a funder of Opendoor and Compass, said he’s “embarrassed” by his tech investments’ results, which spurred quite the d… Continue reading →

Compass and Opendoor CEOs won’t attend controversial Saudi tech conference this month

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Compass CEO Robert Reffkin wasn’t invited. Opendoor CEO Eric Wu was, but won’t attend this year’s Future Investment Initiative event. Continue reading →

Opendoor appoints new batch of executives, board members

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The new leaders — none of whom have backgrounds in real estate — have previous experience working at Amazon, Netflix, Hulu and in the venture capital industry. Continue reading →