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Profitability All Around as iBuyers Report Significant Earnings Boosts in Q1 2022 - Vimarsana News

Profitability All Around as iBuyers Report Significant Earnings Boosts in Q1 2022

The first three months of 2022 proved fortuitous for two of iBuying's most prominent players, Opendoor and Offerpad, as both companies capped the first quarter with milestone performances.

Opendoor Reaches First Profitable Quarter In Q1 With $28M Net Income - Vimarsana News

Opendoor Reaches First Profitable Quarter In Q1 With $28M Net Income

After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report.

Source: inman.com
Kindred Raises $7.75M in Seed Funding - Vimarsana News

Kindred Raises $7.75M in Seed Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

Opendoor alums raise $7.75M for Kindred, a home-swapping network it says makes travel 'dramatically more affordable' – TechCrunch - Vimarsana News

Opendoor alums raise $7.75M for Kindred, a home-swapping network it says makes travel 'dramatically more affordable' – TechCrunch

With more people working from home than ever, the desire to take advantage of that newfound flexibility to travel has been greater than ever. But just because you have the ability to travel and work from anywhere, doesn’t mean you can afford to. Opendoor alums Justine Palefsky and Tasneem Amina teamed up in 2021 to […]

SC denies Taiwanese couple petition on estafa raps - Vimarsana News

SC denies Taiwanese couple petition on estafa raps

MANILA - The Supreme Court (SC) has turned down a petition filed by a Taiwanese couple questioning their indictment for estafa filed by a firm they had invested in but with which they later had a falling out. In a 13-page decision uploaded online April 18, the SC's Second Division denied the petition filed by spouses Eric Wu and Daphny Chen and affirmed the Court of Appeals' resolution which in turn set aside the decision of the Manila Regional Trial Court (RTC Branch 112 and 114) which had quashed the criminal charges. The Wus are Taiwan nationals residing in the Philippines under a S...

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Paranaque CityCity Of ParanaqueDaphny ChenEric WuSupreme CourtManila Regional Trial CourtSc Second DivisionPhilippine Retirement AuthorityHafti Tours IncSpecial Resident RetireeHafti ToursManila The Supreme Court Sc Has Turned Downa Petition Filed Bya Taiwanese Couple Questioning Their Indictment For Estafa Firm They Had Invested In But With Which Later Hada Falling Out Ina 13 Page Decision Uploaded Online April 18He Sc 39s Second Division Denied The Petition Filed By Spouses Eric Wu And Daphny Chen Affirmed Court Of Appeals 39 Resolution Which In Turn Set Aside Decision Manila Regional Trial Rtc Branch 112 114 Had Quashed Criminal Charges Wus Are Taiwan Nationals Residing Philippines Undera Special Resident Retiree Visa Srrv Upon Their Investment Deposit 90000 With The Philippine Retirement Authority Pra Of Board Investments Boi In 2002A Local CompanyAfti Tours Inc Hti Asked The Couple To Pull Out Their Money From Pra And Instead Invest In Exchange For 47440 Shares Of Stock While Awaiting The Approval Pra On Withdrawal Couple 39s Dollar Time DepositTi Named The Wus As Two Persons Authorized To Withdraw From Firm 39s Bank Accounts In Sept 9He Pra Deposited The Peso Equivalent Of Wu 39s Dollar Time Deposit Php4 6 Million To Hti Account HoweverHe Latter Failed To Issue The Promised Shares Of Stock Couple Relationship Between Wus And Hti Eventually Soured Issued Checks Various Payees From 39s Corporate Bank Deposit Leading Litigation Them Seven Criminal Complaints Filed Against By Before Paranaque City Prosecutor Was Dismissed But Other Cases Were Initiated Pasay Manila Courts Appealed Case Sc After Ca In 2012 Remanded For Estafa Back Trial Said Mistakenly Referred Toa Duplicity Offenses When It Citeda Previous Prosecution Spouses Ina Charge Involving Same Matters Court Rtc Br 195 WhichAmong Other ThingsEld That There Had Been No Double Jeopardy Since The Wus Were Not Arraigned In Paranaque Court When It Was Eventually Dismissed Contrary To Rtc 39s FindingsHe Ca Said That While The Wus Are Authorized Signatories Of Hti 39s Corporate Checking AccountsHeir Issuance Of Checks Must Be For Authorized Corporate Expenditures And ConsequentlyHey May Still Be Held Liable For Estafa Should They Found To Have Expended Corporate Funds Their Personal Use Despite Money Investment Deposited With Hti 39s Account Pna