) have begun to rise as the company posted its latest quarterly results, beating analyst estimates on both the top and bottom line while also naming a new CEO, Jeremy Waxman, who previously served as the company's COO.
Wacksman also points out:"We're actually the largest rentals marketplace in the country. We have the most listings. So there is no national database of all listings out there. It's really tough for renter. You have to shop around. And we've been trying to amass and build as much of the listing inventory as possible. We now have the most inventory, which has yielded the largest site for renters to come.
That's what's driving what's really our midterm target, which is to grow our share of transactions in the market despite having this huge audience, right?We only help a small fraction of them actually buy finance or sell their home. But I would say we've had so many of those in the last couple of years that buyers and sellers have kind of found this as the new normal and the demand we have in the marketplace.
That's what we've been investing in for the last few years and you're starting to see the results of that pay off.So that's why we feel so comfortable making this transition now.Imane Khelif vs Yang Liu LIVE: Updates as Algerian boxer fights for Olympic gold amid gender row
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