SoftBank-backed 'iBuyer' Opendoor just slashed 35% of its staff after the coronavirus forced the startup to halt its home-flipping operations

Opendoor, last valued at $3.8 billion, was the first "iBuyer" company. It's been forced to stop new home purchases and just laid off 35% of staff.

April 16, 2020   |   View Online »

SoftBank-backed 'iBuyer' Opendoor just slashed 35% of its staff after the coronavirus forced the startup to halt its home-flipping operations Alex Nicoll | Opendoor, last valued at $3.8 billion, was the first "iBuyer" company. It's been forced to stop new home purchases and just laid off 35% of staff. Read More »

Comcast's big streaming TV bet has arrived. Meet the top execs leading NBCU's Peacock, its play to challenge Netflix and rule ad-supported streaming. Ashley Rodriguez | The execs leading NBCU's Peacock include boss Matt Strauss, content head Bonnie Hammer, ad exec Linda Yaccarino, and NBCU CEO Jeff Shell. Read More »

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Billionaire Chamath Palihapitiya has reaped a 997% return since 2011. He shares his 3-part strategy for today's coronavirus-hit market — and outlines how he's mining real estate for opportunities. Christopher Competiello | Palihapitiya is fresh off a polarizing TV appearance in which he said the US government should let flailing companies fail. Read More »

Leaked memo: Troubled SoftBank-backed robotics startup Zume just conducted a 2nd round of sweeping layoffs after funding fell through Megan Hernbroth | The layoffs mark the end of Zume Forward, the company's hardware business, and Gigaranch, its sustainable-farming division. Read More »

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