Subscribers saw 11x return on investment, CEO Andy Florance said
Third Point was strongly critical of CoStar’s attempt to compete with leading residential portals
The company has vowed to slash over 35% of its spending on Homes.com after years of attempting to build a 4th major real estate listings search portal
Investors have recently questioned CoStar's investments in residential real estate. Industry experts told Inman the company would be wise to pay attention to the criticism
New York City-based hedge fund D. E. Shaw & Co. on Wednesday criticized the board's 'reckless' spending on the portal and CEO Andy Florance's generous cash and equity incentive awards
A day after a prominent hedge fund investor launched a hostile takeover bid of CoStar’s board over concerns about the real estate portal, CoStar doubled down on its Homes.com strategy
A major New York hedge fund has called on CoStar to divest or shut down its residential real estate business, which has focused on Homes.com
After investing heavily to create a 4th competing major real estate search portal, CoStar said Wednesday that it would cut spending on Homes.com by 35% this year
In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor