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Here, we'll focus primarily on online resale sites like eBay, Poshmark, ThreadUp, Tradesy, Mercari, and OfferUp. The scammer may also ask you to text with them or otherwise communicate away from the resale site. With this scam, a person posts a photo of a box that you assume holds the item you're bidding on or buying.
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%.
And even while interest rates and affordability were primary headwinds to demand, the well-documented chronic housing supply shortage has kept inventory levels very low, which has continued to propel customers to stretch their finances for needed housing as incentives and price reductions combined to spark sales activity.
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.
Cloud services revenue benefited from increased spending by industries such as finance and automotive. Net finance costs were 3.4 It also results in more competitive bidding inventory that we were previously selling, which is again, higher price translates into higher margins. Net other losses were 0.2 Operating profit was 40.3
To grow revenue and earn a full-year adjusted EBITDA profit in a more challenging market, we're now integrating rents and Redfin, human resources, finance, and legal departments, as well as technology infrastructure. Already, our agents have reported a mostly seasonal resurgence in bidding wars.
MILLER: Now, what’s interesting if you dig a little deeper is that it’s not that the whole world is just paying cash, it’s that the number of transactions for cash buyers and financed buyers, both fell sharply year over year. And that doesn’t happen when mortgage rates double, right? RITHOLTZ: Wow. RITHOLTZ: Right.
ASP on orders this quarter of $406,000 was down 6% from prior year due to geographic and product mix shift, as well as increased financing incentive costs. We also have a competitive advantage related to affordability, as unlike existing home sellers, we can offer financing incentives. Now, turning to Slide 7. in the prior year.
When you look at the big picture for Tesla, I think that's much more the concern here for most shareholders, which has to do with the resale value of Tesla's plummeting. About 95% of our business was in low bid, heavy highway work. All personal finance content follows Motley Fool editorial standards.
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