Is Compass in trouble? Find out in the video below
Compass raised $450,000,000 on thier IPO, which is a lot of money, however, between their commission splits, and signing bonuses and the overall operating cost they ended up losing $212,000,000 in the 1st Q of 2021 and loss another $!33,000,000 in the first Q of 2020.
So they came up with this great idea, let’s get into the real estate mortgage business. what can possibly go wrong?
Compass is in the red big time. But apparently, that’s what makes a publicly traded real estate company valuable? Don’t you wish it worked that way for you? “Hey I lost millions of bucks last year so now I’m worth more!” NOT.
Anyway, seeing how they keep losing their butts, is mortgage and title their next target. Yep. So there ya go mortgage guys and gals, another crappy competitor in your backyard that will absolutely take some business from you and do a poor job at it! Ugh.