Redfin posted a $60 million loss in the first three months of 2020, a period in which the company’s revenues and expenses grew dramatically before crashing in March amid the coronavirus pandemic. The Seattle-headquartered residential real estate brokerage and listings website reported a 73 percent growth in revenue to $191 million, compared to the first three months of 2019. During the first quarter, the company continued the expansion of its instant or “iBuying” platform of
source https://therealdeal.com/2020/05/07/despite-revenue-uptick-redfin-posts-60m-loss-in-q1/
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