General World News

Blend focuses on tech, cost reduction as it reports $769M loss

California mortgage tech firm Blend Labs is focused on cutting costs and courting more users to its Blend Builder platform. The goal is to bring the firm to profitability after posting a net loss of $768.6 million in 2022. 

Blend’s net loss last year is more than four times the $171.3 million loss it incurred in 2021. The mortgage tech company reported an $82.1 million loss in the fourth quarter of last year, an increase of 13% compared to the third quarter of 2021, when the company posted a net loss of $73.1 million, according to the details ⇒

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