Property technology, or prop tech, has faced challenges in recent years due to higher interest rates and capital market retraction. Fifth Wall’s CEO Brendan Wallace notes a shift as new unicorns like Juniper Square and Bilt emerge. Climate-related prop tech faces challenges due to political shifts away from sustainability. Despite this, Wallace remains optimistic about the sector due to local government support for decarbonization efforts.

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1. Apple reported a 30% increase in revenue to $83.4 billion, driven by strong iPhone and services sales.
2. Tesla’s stock soared 15% after the company reported record profits of $1.1 billion in the third quarter.
3. Amazon announced a 43% increase in sales to $110.8 billion, surpassing Wall Street expectations.
4. Pfizer reported a 42% rise in revenue to $24.1 billion, boosted by strong sales of its Covid-19 vaccine.: Property tech ‘winter’ is over, except in climate