SoftBank CEO Masayoshi Son will map out the company’s strategy at a New York investor meeting for the first time since WeWork’s implosion led to another huge investment in the co-working firm.
Elliott Management Corp., among others, will be waiting. The activist investor called for a buyback of as much as $20 billion of the Japanese technology conglomerate’s shares, Bloomberg reported. But Son said there was “no rush,” and that he would like to sell as little as possible.
Last week, we interviewed Brendan Wallace, a real estate-focused venture capitalist whose portfolio companies include Opendoor, which buys and sell homes, and scooter company Lime, which helps building owners navigate around parking requirements by installing docking stations instead.
The co-founders of Ollie, a co-living startup, have left their roles at the firm, The Real Deal has learned.
Chris Bledsoe, CEO, and Andrew Bledsoe, COO, left the company last month. An Ollie spokesperson confirmed the brothers were no longer managing the company, and said the two will continue to advise the company as members of the board.
After betting heavily on iBuying, Zillow Group’s revenue more than doubled in 2019 to $2.7 billion, the company said Wednesday.
Just 20 months after buying its first home, the Seattle-based listings giant said revenue from its Homes segment topped $1.365 billion in 2019, compared to just $52.4 million in 2018.
During an earnings call on Wednesday, Zillow co-founder and CEO Rich Barton called 2019 “tumultuously remarkable” as the company chased what he’s previously called a moonshot bet on iBuying.
UK Sotheby’s International Realty and blockchain-based digital securities issuance platform Smartlands (SLT) have released further details of their collaboration to tokenise shares in a pilot project for a newly-built duplex apartment at Lillie Square in London. The property, priced at £1,819,000, is expected to be completed by the end of Q1 2020 and will be managed by UK Sotheby’s.
It’s 2020: we finally live in the future! Or at least a future—one where broadband Internet connections and portable, reasonably high-powered computing tools are pervasive and widely accessible, even if they aren’t yet universal. Millions of workers, including all of us here at Ars, use those tools to do traditional “office jobs” from nontraditional home offices.
“I looked at the more traditional retail spaces, and I was like, ‘I cannot afford this,’” De Leon said. “Aside from the rent, building out a location would cost about $40K, and I still need money to keep the business afloat while waiting for clientele and customers. I was looking at [spending at least] $100K. “I worked in nonprofit education,” she said. “It was very discouraging.” Walking around the same neighborhood, she saw a building with a small ground-floor lounge. She approached the owner and asked if it was available. It was the start of her business endeavor.
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