Tag Archives: softbank

Opendoor lays off 35% of its staff

By Patrick Kearns | April 15, 2020 - 5:54 pm |April 15, 2020 Uncategorized

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Approximately 600 employees being laid off will reportedly get 16 weeks of benefits coverage and eight weeks of severance pay, Opendoor confirmed. Continue reading →

WeWork struggles to strike deal with landlords to reduce rent costs

By Marian McPherson | April 2, 2020 - 4:45 pm |April 2, 2020 Uncategorized

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As the COVID-19 pandemic causes cancellations to spike, WeWork CEO Sandeep Mathrani is pitching a revenue-sharing deal to the company’s largest landlords. Continue reading →

SoftBank may pull out of pledge to buy $3B in shares of WeWork

By Veronika Bondarenko | March 18, 2020 - 6:23 pm |March 18, 2020 Uncategorized

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The Japanese conglomerate has been rapidly losing faith in the co-working space company. Continue reading →

Ex-Zillow president: iBuyer business will be a ‘two-horse race’

By Patrick Kearns | February 26, 2020 - 7:45 pm |February 26, 2020 Uncategorized

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IBuyers not named Zillow or Opendoor and are in trouble and they don’t know it yet, Greg Schwartz said Wednesday at the RE/MAX R4 convention in Las Vegas. Continue reading →

Media entrepreneur joins Compass board

By Jim Dalrymple II | February 26, 2020 - 2:00 pm |February 26, 2020 Uncategorized

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Pamela Thomas-Graham currently runs her own media company and has past experience at Credit Suisse, Liz Claiborne and NBCUniversal. Continue reading →

Meet the New Guard: Mueller, Team, Wilson

By Inman | February 24, 2020 - 9:00 am |February 24, 2020 Uncategorized

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The New Guard will be honored at Inman Disconnect March 30-April 1, 2020. Here now, three new inductees worthy of the distinction. Continue reading →

SoftBank Vision Fund lost $2.1B in Q3 as profits continue to plummet

By Patrick Kearns | February 12, 2020 - 9:35 pm |February 12, 2020 Uncategorized

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The Japanese conglomerate and backer of Compass and Opendoor, is scaling back plans for its second Vision Fund. Continue reading →

After a tumultuous 2019, WeWork has a new CEO

By Patrick Kearns | February 4, 2020 - 4:21 pm |February 4, 2020 Uncategorized

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Sandeep Mathrani, previously the CEO of Brookfield Properties’ retail group, has deep ties to the real estate industry. Continue reading →

WATCH: Compass likely to avoid WeWork’s fate: Venture capitalists

By Inman | February 4, 2020 - 3:59 pm |February 4, 2020 Uncategorized

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Compass and WeWork both took massive amounts of cash from SoftBank, but experts say the two companies are actually quite different. Continue reading →

Compass likely to avoid WeWork’s fate: Venture capitalists

By Jim Dalrymple II | January 31, 2020 - 3:54 pm |January 31, 2020 Uncategorized

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Compass and WeWork both took massive amounts of cash from Softbank, but experts say the two companies are actually quite different. Continue reading →