Reported about 13 hours ago
In its first cash-flow positive year in 2023, Compass made headlines with strategic acquisitions but ended the year with losses, raising concerns about its investment returns. Although it returned to profitability in early 2024, recent stock drops and a weakening housing market led analysts to push back breakeven projections. CEO Robert Reffkin faces pressure from competition and regulatory changes impacting their private listings strategy. Despite these challenges, the company hopes that growth in agent recruitment and ongoing investments can stabilize its trajectory.
Source: YAHOO