Earnings Results: Redfin stock tanks after forecast shows losses expanding as iBuying business grows

Redfin Corp. shares plunged more than 10% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains an iBuying business that a rival dropped.

Redfin Corp. shares plunged more than 10% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains an iBuying business that a rival dropped.