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Redfin's Revenue Just Crashed 45%, but Here's Why Its Stock Price Absolutely Soared

Redfin's Revenue Just Crashed 45%, but Here's Why Its Stock Price Absolutely Soared

When companies report their financial results each quarter, investors learn new information about the strength of their businesses. The real estate sector has been one of the biggest casualties. Consumers saw their borrowing power slashed, which crimped demand, so any company reliant on home sales to generate revenue has suffered.