Home ownership has plummeted since the 2008 recession as costs rise, and Americans lack the necessary savings. Many have turned to renting due to the flexibility and less capital-intensive nature. John Kobs, Co-Founder and CEO of Apartment List, a platform helping renters find a home, joined us to discuss the current state of the rental market.
The company just announced a new partnership with Realtor.com. Kobs breaks down how this collaboration helps connect renters with properties on its platform. Apartment List will be powering all of the rental listings from the multi-family sector on realtor.com.
Earlier this year, Apartment List teamed up with Facebook to get its listings on the social media platform's marketplace. Whenever a property manager advertises on Apartment List, it will also show up on the Facebook marketplace.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
