The company reported a net loss of $154 million in the third quarter up from $101 million in the second. Its revenues were down 14% year over year to $1.49 billion. SoftBank, which was one of its major backers, has been pulling back and saying, "We can't just keep giving you playing checks"
Compass CEO Robert Reffkin had a busy Nov. 10. Hours after speaking at a TRD forum in Miami, Reffkin got on a conference call with analysts to discuss the company's much anticipated earnings results for the third quarter. Compass lost $157 million from July through September — more than it lost in the second quarter. Deconstruct looks at the state of the brokerage, why it's struggling and where it goes from here.
Guests: TRD reporter Harrison Connery, TRD deputy web editor and South Florida reporter Katherine Kallergis.