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Compass’ costs to scale, LinkedIn and Zynga founders to take Hippo public National /
Compass’ cost of doing business
Ahead of its buzzed-about IPO, Compass offered investors a peek at its financials via an S-1 filed March 1.
Highlights from the 263-page document include the fact that Compass took in $3.7 billion in revenue last year, four times its revenue of $884.7 million in 2018. The tech-focused resi brokerage also lost $270.2 million in 2020, down from $388 million in 2019.
But one key takeaway is how much Compass spent to grow to its current size: 19,000 agents with $151.7 billion in sales last year.
Critics warn of bubble as celebrities cash in on art that doesn t exist
Despite concerns about sky high prices and quality, NFT art keeps selling
6 March 2021 • 2:29pm
Elon Musk and Grimes arrive for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York
Credit: AFP/Angela Weiss
Critics are warning of a dangerous bubble as celebrities and speculators make millions on a type of art that doesn t actually exist.
Online-only artworks, accompanied by a digital authentication stamp called a NFT or non-fungible token , were selling for millions this week even though they could be easily shared or copied by anyone on the internet for free.