Tuesday, March 28, 2023
198 USA News
No Result
View All Result
  • HOME
  • VIDEO
  • BUSINESS
  • TRADE
  • NEWS
    • USA AFRICA NEWS
    • USA EU NEWS
    • USA GULF NATIONS NEWS
    • USA RUSSIA NEWS
    • USA NIGERIA NEWS
    • USA INDIA NEWS
  • POLITICAL
  • TECHNOLOGY
  • IMMIGRATION
  • EDUCATION
  • MORE NEWS
    • VENTURE CAPITAL
    • JOINT VENTURE
    • UNIVERSITIES
    • MEDIA TRAINING
    • MANUFACTURERS
    • BUSINESS HELP
    • FUNDING OPPORTUNITIES
    • GOVERNMENT ASSISTANCE
    • PARTNERSHIP OPPORTUNITIES
    • UNTAPPED OPPORTUNITIES
    • 198TILG USA CEO
  • ASK IKE LEMUWA
  • HOME
  • VIDEO
  • BUSINESS
  • TRADE
  • NEWS
    • USA AFRICA NEWS
    • USA EU NEWS
    • USA GULF NATIONS NEWS
    • USA RUSSIA NEWS
    • USA NIGERIA NEWS
    • USA INDIA NEWS
  • POLITICAL
  • TECHNOLOGY
  • IMMIGRATION
  • EDUCATION
  • MORE NEWS
    • VENTURE CAPITAL
    • JOINT VENTURE
    • UNIVERSITIES
    • MEDIA TRAINING
    • MANUFACTURERS
    • BUSINESS HELP
    • FUNDING OPPORTUNITIES
    • GOVERNMENT ASSISTANCE
    • PARTNERSHIP OPPORTUNITIES
    • UNTAPPED OPPORTUNITIES
    • 198TILG USA CEO
  • ASK IKE LEMUWA
198 USA News
No Result
View All Result
Home USA TECHNOLOGY NEWS

How Tech Won the Pandemic and Now May Never Lose

by 198usanews_v1nkmf
July 28, 2021
in USA TECHNOLOGY NEWS
2 min read
0
How Tech Won the Pandemic and Now May Never Lose
Share on FacebookShare on Twitter

[ad_1]

On March 13, 2020, Glenn Kelman, the chief government of the web actual property dealer Redfin, was biking to work when he obtained a name from Henry Ellenbogen, a longtime investor in Redfin who had began his personal fund.

At Harvard, Mr. Ellenbogen majored within the historical past of know-how. One large factor he discovered, he has stated, was that know-how is developed effectively prematurely of individuals’s skill and willingness to make use of it.

“Inform me one thing,” Mr. Ellenbogen requested Mr. Kelman, based on an account the chief government posted on Redfin’s web site. “When folks begin touring houses by way of an iPhone, received’t plenty of them determine, even after this entire pandemic ends, that that is only a higher method to see homes? And if this entire course of of shopping for and promoting houses principally goes digital, how will different brokerages compete with you?”

Mr. Kelman, a bit of preoccupied by how Seattle’s usually bustling streets had been eerily empty, stated he didn’t know.

“I do,” Mr. Ellenbogen stated. “The world is altering in your favor.”

This was not a common view then, and it definitely was not what Mr. Kelman was experiencing. The primary confirmed coronavirus dying in america was a nursing residence resident in a Seattle suburb on Feb. 29. Inside hours, residence sellers determined that possibly they didn’t need strangers respiration of their front room and bedrooms. Consumers started to drag out as effectively.

For Redfin, that was the start of a disaster. Inside a number of days, it shut down its 78 places of work across the nation. Its inventory plunged, shedding two-thirds of its worth.

“The magnitude of the decline was rising each day,” Mr. Kelman stated. He agreed to promote Mr. Ellenbogen extra inventory for $110 million, pondering Redfin would possibly want money to make it by means of a protracted drought. In early April, Mr. Kelman furloughed 41 % of the corporate’s brokers, who had been salaried workers. Greater than 1,000 folks had been affected.

[ad_2]

Source link

Tags: LosePandemicTechwon
Previous Post

Israel’s El Al starts flights to Morocco after improved diplomatic ties – Middle East Monitor

Next Post

Israel’s office market recovering – Globes

Related Posts

How to Find Constellations in the Sky With Your Phone
USA TECHNOLOGY NEWS

How to Find Constellations in the Sky With Your Phone

by 198usanews_v1nkmf
July 28, 2022
3 Senate Hopefuls Denounce Big Tech. They Also Have Deep Ties to It.
USA TECHNOLOGY NEWS

3 Senate Hopefuls Denounce Big Tech. They Also Have Deep Ties to It.

by 198usanews_v1nkmf
July 28, 2022
How to Capture and Markup Web Pages in Microsoft Edge
USA TECHNOLOGY NEWS

How to Capture and Markup Web Pages in Microsoft Edge

by 198usanews_v1nkmf
July 28, 2022
9 Best Deals: Sex Toys and Tower Fans
USA TECHNOLOGY NEWS

9 Best Deals: Sex Toys and Tower Fans

by 198usanews_v1nkmf
July 27, 2022
The January 6 hearings brought politics into the TikTok age
USA TECHNOLOGY NEWS

The January 6 hearings brought politics into the TikTok age

by 198usanews_v1nkmf
July 27, 2022
Next Post
Israel’s office market recovering – Globes

Israel's office market recovering - Globes

Inside a KKK Murder Plot

Inside a KKK Murder Plot

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 198 USA News. All Rights Reserved.

No Result
View All Result
  • HOME
  • VIDEO
  • BUSINESS
  • TRADE
  • NEWS
    • USA AFRICA NEWS
    • USA EU NEWS
    • USA GULF NATIONS NEWS
    • USA RUSSIA NEWS
    • USA NIGERIA NEWS
    • USA INDIA NEWS
  • POLITICAL
  • TECHNOLOGY
  • IMMIGRATION
  • EDUCATION
  • MORE NEWS
    • VENTURE CAPITAL
    • JOINT VENTURE
    • UNIVERSITIES
    • MEDIA TRAINING
    • MANUFACTURERS
    • BUSINESS HELP
    • FUNDING OPPORTUNITIES
    • GOVERNMENT ASSISTANCE
    • PARTNERSHIP OPPORTUNITIES
    • UNTAPPED OPPORTUNITIES
    • 198TILG USA CEO
  • ASK IKE LEMUWA

Copyright © 2021 198 USA News. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In