Why is Redfin up 40% After Missed Earnings, Lay Offs, & Cutting its Home-Flipping Segment?
It’s been an interesting few days for Redfin - a company that offers real estate brokerage services. Yesterday, the firm released a haunting notice that 13% of its workforce would be laid off amidst a slow housing market. The company has decided to pull the plug on their iBuyer program - RedfinNow, a segment that [...]