Why is Redfin up 40% After Missed Earnings, Lay Offs, & Cutting its Home-Flipping Segment?

By |2023-12-07T21:11:03+00:00November 10th, 2022|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , |

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 [...]