Tag Archives: softbank

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 →

Avi Dorfman’s $200M lawsuit against Compass moves forward

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Dorfman claims he was supposed to be a founding member of the rapidly growing brokerage, which today is valued at more than $6 billion. Continue reading →

Will SoftBank’s iBuyer investment flounder as agents adapt?

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Valuations, such as that ascribed to Opendoor by SoftBank, are based on the assumption that iBuying operations advance the technology and antiquated nature of the real estate sales process. What if the same flawed thinking that saw WeWork valued at mul… Continue reading →

Two of a kind: Will Compass suffer the same fate as WeWork?

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Following the delay of WeWork’s initial public offering, will the SoftBank-funded Compass struggle when it finally decides to go public or beat the odds? Continue reading →

Compass launches new consumer search tools, says IPO ‘likely’

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Robert Reffkin announced Monday that Compass has new, artificial intelligence-driven tools that will give consumers home recommendations and let them collaborate with their agents. Continue reading →

Lone Wolf partners with Updater to offer relocation services

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The integration will allow agents who use Lone Wolf’s transaction management tools to offer Updater’s services. Continue reading →

WATCH: Here’s why venture capitalists are just getting started

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Patricia Nakache, a general partner at Trinity Ventures, predicted during an Inman Connect Las Vegas panel that investments in real estate will continue to accelerate. Continue reading →

What if SoftBank’s big bet is wrong?

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Softbank has bet big on disrupting real estate, but what if the fundamental assumptions underpinning its bet are wrong? Unlike the taxi industry with drivers treated as commodities, high-earning real estate agents with valuable connections aren’t easy … Continue reading →