Tech Brew Ride Home Mon. 12/21 – Big Day For Real Estate Tech
Dec 21, 2020
Real estate tech is making waves as Opendoor achieves an $18 billion valuation and RealPage is acquired for a staggering $10.2 billion. Microsoft is set to design its custom silicon to boost performance. Meanwhile, the first under-display selfie camera is criticized for falling short of expectations. Excitingly, rumors swirl around the potential debut of the Apple Car next year, raising eyebrows and curiosity in the tech scene.
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Opendoor's Soaring Valuation
- Opendoor's SPAC deal soared to an $18B valuation, up from $6.3B in September.
- This highlights the current exuberance over tech and real estate stocks.
RealPage Acquisition
- RealPage, a real estate software company, was acquired by Thoma Bravo for $10.2B.
- This acquisition demonstrates the resilience of cloud computing and SaaS companies during the pandemic.
SolarWinds Hack: A Cyber Pearl Harbor
- The SolarWinds hack, a major cyber warfare event, is compared to Pearl Harbor.
- Current defenses like Einstein are inadequate, as they detect only known threats, not sophisticated attacks like this.