Redfin’s Losses Pile Up to Keep Abreast with Demand By Investing.com
By Christiana Sciaudone Investing.com -- Redfin (NASDAQ:RDFN) plunged 14% despite the high demand for homes in pandemic times. A loss per share of 37 cents was worse than the expected 33-cent loss, according to data compiled by Investing.com. Sales beat forecasts. "After scrambling in the second half of 2020 to hire enough agents and lenders to handle a pandemic-driven surge in demand, Redfin is just about hitting on all cylinders," said Redfin Chief Executive Officer Glenn Kelman. "From the fourth quarter of 2020 to the first quarter of 2021, our year-over-year market-share...
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