Purplebricks, the U.K.-based firm that shook up the brokerage world with flat-fee commissions, has shuttered its operations in Australia and plans a full review of its U.S. business. Following rapid expansion yet poor returns, the company’s stock price has plunged 65 percent in the past year. Its U.S. and U.K. chief executives left the company in February and this week Michael Bruce, its founder and current global CEO, is also stepping down, according to Inman. […]
source https://therealdeal.com/2019/05/08/after-pulling-out-of-australia-purplebricks-is-now-reviewing-its-us-operations/
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