Earnings Results: Redfin stock tanks after forecast shows losses expanding as iBuying business grows

February 18, 2022

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Redfin Corp. shares plunged nearly 17% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains an iBuying business that a rival dropped.

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Earnings Results: Redfin stock tanks after forecast shows losses expanding as iBuying business grows

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