This is an account I wrote as Redfin’s CEO about what it has been like to run a publicly traded company hit hard by the pandemic. It’s the first of three installments, about our dawning recognition of the pandemic.
The pendulum never stops swinging in the middle. A colleague gets a cough and within hours your offices are closed; within weeks you have almost a hundred million in unsold houses on your books and a thousand idle employees.
The company where I work, Redfin, is a technology-powered real estate broker, half Amazon, half Century 21. We started out as a