All is not well for rapidly expanding discount brokerage Purplebricks. The company’s shares fell the most on record after the brokerage lowered its outlook for the second time since early December. The company slashed sales guidance for the year by 20 percent — as it expands in the U.S. and Australia, where the housing markets have slowed. Its chief executives in the U.S. and U.K. are also leaving the firm, Bloomberg reported. Shares fell as […]
source https://therealdeal.com/2019/02/21/it-looks-really-bad-for-purplebricks-right-now/
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