The Traderszone Network

Published in TZ Latest News 4 August, 2017 by The TZ Newswire Staff

Realogy shrugs off competition from a “small startup” called Redfin

Shares of Redfin have nearly doubled since the online brokerage’s IPO last week — and it’s made no bones about gunning for traditional brokerages. But guess who’s not sweating it: Realogy. CEO Richard Smith dismissed the online brokerage — which has a market cap of $2.16 billion, compared to Realogy’s $4.7 billion — as a “small startup” during a second-quarter earnings call on Thursday. “Certainly, there’s no pressure. We’ve been in the business a long […]

read more