Redfin ready for a ‘revolution’ after commissions verdict
CEO Glenn Kelman told investors its customer focus, including self-service options for buyers, helped improve earnings and could help Redfin grab market share.
November 2, 2023
The latest on Redfin
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- Redfin to change up agent recruiting, splits as losses continueAmid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales."August 3, 2023
- Redfin revenue down by nearly half, but better than expectedRedfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.May 4, 2023
- Redfin revenues down 25% but better than expectedCEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.February 16, 2023
- Redfin reports net loss of $90.2 million after layoffs, iBuyer shutdownRedfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."November 9, 2022
