CEO Robert Reffkin said that the layoffs were "necessary" in order for the company to navigate the current downturn.
The real estate company once seemed poised to revolutionize the industry. Now, it looks more like the WeWork of residential real estate.
The town of Atherton is an enclave for the Silicon Valley elite, and building affordable housing would be a "grave mistake," residents argued.
A viral article suggests Chinese readers join the army and buy a cheap house in Taiwan if China succeeds in taking control of the region.
Opendoor has created a “one-tap" system to make “a home purchase as simple as any other e-commerce transaction.”
“Another Outer Banks vacation home that’ll give you unparalleled views!”
We have to hand over tenant references, why shouldn't landlords do something similar?
Realux paid influencers to promote the idea that it could help close "the wealth gap" by democratizing real estate. Then it disappeared.
One anonymous finance professional has been tracking the worrying number of get-rich-quick schemes on the platform. "It's getting really bad," he says.
Dubious promises of potential once-in-a-lifetime riches are driving speculators into a complete frenzy. “There’s a lot of hype, and it's not healthy,” one CEO said.
The decision is an admission that its plan to take the iBuyer world by storm failed.