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Reffkin's email reflects the growing strains he faces as the housing-market downturn batters his brokerage. Two employees said they felt disheartened by the memo.
Potential real-estate deals from TikTok and Meta are concrete signs of the growing dominance of TikTok and struggles of the Facebook parent company.
Young leaders 35 and under at big-name firms and boundary-pushing startups are tackling challenges from housing unaffordability to the climate crisis.
In 2017, Insider highlighted over 60 up-and-comers in investment banking, trading, and asset management. Here's what 13 of them are up to five years on.
The firm is coping with a cool housing market by slashing prices, offering concessions to homebuyers and agents, and, now, cutting 18% of its staff.