Zillow is having a good August. After the real estate technology company announced better-than-expected earnings numbers, its stock soared by almost $14 per share. The boost probably made a lot of investors happy, but the collateral impact was that it also pushed Zillow’s market capitalization — or the company’s value — into the neighborhood of […]
What Is Compass’ Endgame?
In real estate, optimizing the commission split and generating revenue by selling mortgages are what brokerages have been doing for years. Going down that path is an old, incremental game plan, which is why it’s unlikely to be Compass’ destination. Investors didn’t pump over $1 billion of venture capital into Compass to build “just another […]