Tag Archives: U.S. Securities and Exchange Commission

Opendoor founder Eric Wu leaving company to focus on startups

By | | Uncategorized
Comments Off on Opendoor founder Eric Wu leaving company to focus on startups

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

By | | Uncategorized
Comments Off on ‘Cash Flow King’ took millions in Ponzi scheme, according to SEC

“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

By | | Uncategorized
Comments Off on RE/MAX Holdings to lay off 7% of staff by end of September

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%

By | | Uncategorized
Comments Off on Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

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

By | | Uncategorized
Comments Off on Anywhere lays off more workers, announces end of RealSure iBuyer

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

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

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

By | | Uncategorized
Comments Off on How Twitter fought Elon Musk with a real estate investment strategy

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

By | | Uncategorized
Comments Off on Fifth Wall debuts third SPAC, hopes to raise $250M

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

Realogy calls Compass allegations ‘sensational’ and ‘not true’

By | | Uncategorized
Comments Off on Realogy calls Compass allegations ‘sensational’ and ‘not true’

In an internal email, Realogy CEO Ryan Schneider insisted his company never explored a sale and called Compass’ claims an attempt “to inspire sensational news coverage.” Continue reading →

Realogy’s stock drops after discontinuation of USAA program

By | | Uncategorized
Comments Off on Realogy’s stock drops after discontinuation of USAA program

The company is replacing the USAA program with an in-house military rewards program, but it expects the ending of the program will have a “material impact” in 2020. Continue reading →