Redfin operates in the competitive real estate industry, offering a unique blend of technology and traditional brokerage services. With a market capitalization of $1.18 billion and annual revenue of $1.04 billion, the company's web-based platform provides consumers with access to real estate listings, market data, and tools to facilitate the home buying and selling process. Redfin's business model aims to streamline real estate transactions and offer cost savings to consumers through its technology-driven approach.