SoftBank posts record loss, warns some investments may go bankrupt
The investor behind Compass and Opendoor predicted that, of the 88 companies the Vision Fund invested in, 15 could go bankrupt due to COVID-19
by Patrick Kearns May 18
Opendoor lays off 35% of its staff
Approximately 600 employees being laid off will reportedly get 16 weeks of benefits coverage and eight weeks of severance pay, 3 sources said
by Patrick Kearns Apr 15
WeWork struggles to strike deal with landlords to reduce rent costs
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
by Marian McPherson Apr 2
SoftBank may pull out of pledge to buy $3B in shares of WeWork
The Japanese conglomerate has been rapidly losing faith in the coworking space company
Ex-Zillow president: IBuyer business will be a ‘two-horse race’
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
by Patrick Kearns Feb 26
Media entrepreneur joins Compass board
Pamela Thomas-Graham currently runs her own media company and has past experience at Credit Suisse, Liz Claiborne and NBCUniversal
by Jim Dalrymple II Feb 26
Meet the New Guard: Mueller, Team, Wilson
The New Guard will be honored at Inman Disconnect March 30-April 1, 2020. Here now, 3 new inductees worthy of the distinction
by Inman Feb 24
SoftBank Vision Fund lost $2.1B in Q3 as profits continue to plummet
The Japanese conglomerate and backer of Compass and Opendoor is scaling back plans for its second Vision Fund
by Patrick Kearns Feb 12
After a tumultuous 2019, WeWork has a new CEO
Sandeep Mathrani, previously the CEO of Brookfield Properties' retail group, has deep ties to the real estate industry
by Patrick Kearns Feb 4
WATCH: Compass likely to avoid WeWork's fate: Venture capitalists
Compass and WeWork both took massive amounts of cash from SoftBank, but experts say the 2 companies are actually quite different
by Inman Feb 4
Compass likely to avoid WeWork's fate: Venture capitalists
Compass and WeWork both took massive amounts of cash from SoftBank, but experts say the 2 companies are actually quite different
by Jim Dalrymple II Jan 31
Compass shuffles support staff, anticipates dozens of layoffs
A Compass source told Inman the company still has no current plans for an IPO, although it's not off the table
by Patrick Kearns Jan 27
Side CEO talks venture capital, iBuyer growth and the need for innovation
Guy Gal founded his company in 2017 and plans to take it national in the coming years. He also believes the real estate industry is primed for certain types of innovation
by Jim Dalrymple II Jan 24
3 real estate companies were among the top fundraisers of 2019
Opendoor, Vacasa and Compass all raised at least $300M in 2019 and were among the top 11 companies in terms of equity raisers in 2019
by Patrick Kearns Jan 9
What is Keller Williams' valuation?
Opinion
As much as $2 billion. Does that make Gary Keller a billionaire?
by Brad Inman Dec 27