✅ Redfin posted a narrower-than-expected loss for its first quarter
🙄 Redfin said it is venturing into the artificial intelligence realm.
Basically, they launched a ChatGPT plugin, allowing users to “describe your ideal home and neighborhood in everyday terms and find listings that suit your needs"
Not sure how this is better than normal search, and how it improves the business all that much.
But as far as the stock spike, I think this is a good example of expectations being so bad, having the results be bad, but not as bad as expectations, warrants a jump. (@jazziyoung
recently wrote a good post about this.)