Tag Archives: U.S. Securities and Exchange Commission

RE/MAX President Amy Lessinger announces resignation

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Lessinger’s departure comes less than a year after she assumed the role of president. It also comes after RE/MAX has struggled with financial results in recent quarters. Continue reading →

EXp World Holdings sells Virbela, the firm that made its virtual world

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The sale, to Virbela’s cofounders Alex Howland and Erik Hill, closed at the end of November. It comes at a time when virtual worlds and the metaverse have waned as a topic of excitement. Continue reading →

Opendoor founder Eric Wu leaving company to focus on startups

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Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to focus on building new things. Continue reading →

‘Cash Flow King’ took millions in Ponzi scheme, according to SEC

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“Nearly everything about his scheme was a lie,’” the SEC says in new charges against the investor, who raised money to buy homes in northern Ohio. Continue reading →

RE/MAX Holdings to lay off 7% of staff by end of September

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The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings. Continue reading →

Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

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The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That’s better than the previous quarter, but a big jump from the same period in 2021. Continue reading →

Anywhere lays off more workers, announces end of RealSure iBuyer

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The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines. Continue reading →

Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show

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Documents filed Monday with the U.S. Securities and Exchange Commission shed new light on just how bad the past 18 months have been for Better. Continue reading →

How Twitter fought Elon Musk with a real estate investment strategy

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The social network briefly turned to a poison pill to fight off the world’s richest man. And as it turns out, poison pills have a long history in the real estate industry. Continue reading →

Fifth Wall debuts third SPAC, hopes to raise $250M

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Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched a new special purpose acquisition company. Continue reading →