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Here, we'll focus primarily on online resale sites like eBay, Poshmark, ThreadUp, Tradesy, Mercari, and OfferUp. There, you'll find a form that requests sensitive information, like passwords, credit card numbers, or checking account info. The scammer may also ask you to text with them or otherwise communicate away from the resale site.
And we streamlined Cloud and ITO, security, and Modern Workplace delivery under a single leader to improve consistency and accountability. Our global shared services model is now fully implemented, consolidating, standardizing, and eliminating redundant processes across sales, business, and account operations. points year to year to 8.2%
Cloud infrastructure and IT outsourcing organic revenue declined 7%, an improvement from double-digit declines we saw in the prior three quarters due to a significant resale transaction delivered in the quarter. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%.
A few examples include dedicated client partners having significant domain expertise tied to specific clients and industries; updated compensation structure that includes bookings, revenue, and profitability, as well as elevated incentives to expand client relationships; and a clear delineation between existing and new logo account teams.
We achieved a notably rapid growth in advertising revenue, benefiting from deploying machine learning on our advertising platform and from video accounts monetization. billion, with increased synergies among video Accounts, mini programs, and moments. Video accounts expanded its user base and deepened user engagement.
Our finance, accounting, legal, and real estate investment teams have had a busy year-end and beginning of 2024, closing over $1.2 And today, it's about taking market share from single families -- single-family market because it's so upside down on a cost to rent perspective and lack of inventory in the resale market.
With the expansion, Next we will reach markets that accounted for about one-third of Redfin's 2023 brokerage revenues. Already, our agents have reported a mostly seasonal resurgence in bidding wars. In May, we plan to expand Redfin Next to seven more markets, out of more than 100 Redfin markets total.
The interesting thing about the state of inventory today is normally new construction accounts for 10 to 15 percent of total inventory. RITHOLTZ: He also is locked out of his Twitter account as am I. RITHOLTZ: Now I thought that’s because I have 200 followers in my backup account. That’s true for Manhattan.
Now these adjusted numbers account for some investments and some divestitures made over the past year so that we understand each other, Ron. laughs] The more these thing is published, the more panic it creates, and it bids that price up and up and up. That was partially offset by those inventory headwinds we're just talking about.
What Tesla investors need to know about the headlines around recent accounting concerns. The Financial Times out with a piece this week detailing some accounting curiosities with Tesla's books noting that $1.4 Can you dust off your accounting books and wade through this one? Two stocks worth watching: BYD and Williams Sonoma.
We are happy to report that all of our employees are safe and accounted for. Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory. Now, turning to Slide 7.
The app is our highest converting channel and accounts for just over 40% of our marketplace GMS, yet only makes up about 25% of total visits today. fashion resale player. buyers accounted for 26% and 25%, respectively. Depop's fourth quarter represented the highest year-over-year GMS growth since our acquisition. year over year.
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