All the ibuyer companies won't make it. Nationwide downturn in house prices and all the inventory these companies are holding are underwater. Zillow and Redfin are more than likely done. Zillow maybe holding 60,000 homes.<p>We never learn our lesson. GE was taken out by their financial division and high risk bets.
I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.
Can I ask a stupid question?' I kind of did a Rip Van Winkle and stopped reading Techcrunch for eight years. Back in the day I would email Alexia and she would take the story tip and write a cool article. Is TC 100% pay to play nowadays? I know so many people who submit press releases to them and they get auto-deleted. What gives?
Companies with marginal business models are going to get slaughtered in the next year. Carvana, Opendoor are probably the most well known of these companies.<p>Opendoor's business model was super questionable from the get-go: who's going to sell you their home for less than market value? How can you then do something to turn that around and profit without basically turning the company into a giant high-risk flipping enterprise?
Damn, this list keeps growing and growing ... <a href="https://layoffs.fyi/tracker/" rel="nofollow">https://layoffs.fyi/tracker/</a>
I'm surprised this got to the front page with a few upvotes. These days it's either the news about the Corona virus or that one of the companies that SoftBank has invested in is announcing a layoff. These days every other company is announcing layoffs or salary cuts.