An Insider report published Wednesday cites 3 unnamed sources who said Vista Equity along with another private equity company could be involved in a deal to take the brokerage private
Compass laid off a significant chunk of its technology team, according to press reports that appeared to suggest hundreds of jobs slashed. This is the second round of layoffs this year
Compass has grown rapidly, but is now tasked with becoming profitable. Chief Operating Officer Greg Hart spoke to Inman about this key moment for the firm
Sirosh spent more than 4 years at the brokerage. He was most recently in the news for selling hundreds of thousands of Compass shares
The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away
Compass has grown rapidly by offering agents shares in the company and in some cases cash. But the company has now cut those perks as the market slows way down
The fast-growing brokerage earned $2B in revenue during the second quarter of the year, but also saw losses rise to $101M, according to an earnings report issued Monday
Jones comes to Compass following several years as co-owner and chief people officer at Realogics Sotheby's International Realty, a top Sotheby's franchise located in Seattle
The ranks of the real estate industry have swelled over the past decade, but some experts who spoke to Inman believe a trend in the opposite direction may be picking up speed
The layoffs will involve full-time employees, not agents, and come as the housing and stock markets experience a major shift
The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries
Chief Financial Officer Kristen Ankerbrandt will leave the company in September, while Greg Hart will become Compass' new chief operating officer
Compass agents did 47,367 deals between January and March of 2022, which represents a new high for the brokerage, according to a Q1 earnings call on Thursday
The ‘engineering visionary’ who also worked at Slack, Zynga and Cisco Systems, will help guide Compass during a period of rapid growth
New York Supreme Court Justice Barry Ostrager recused himself from the long simmering case on Tuesday, 3 months after his co-op went under contract with a Compass broker