Openoro is a software company that happens to have some assets. I think there's an asset light model here that could work incredibly well. There's asset heavy model that can work incredibly well and will have like literally all of them.You must judge companies based on where leverage comes from. The leverage from open door will come from software. We will build excellent software for buyers and sellers of home and owners of homes and we will attach services to those products. ...

Company Overview - Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for home buying and selling, providing direct sales, listings, and marketplace services, along with solutions in real estate, insurance, and construction [1] Stock Performance - The stock has experienced significant volatility, dropping from $4 to around $0.50 before rebounding to $1.71 amid rumors of a business model shift and executive changes [1] - Jim Cramer characterized Opendoor as a "meme stock," expressing skepticism about its investment potential due to perceived manipulative aspects [1] Executive Changes - The departure of the CEO, described as a "straight shooter," has raised questions about the company's direction and stability [1] Investment Perspective - While acknowledging the potential of Opendoor as an investment, it is suggested that certain AI stocks may offer greater upside potential and carry less downside risk [1]

Here is my latest conversation with @ericjackson about $OPEN https://t.co/Djiczr3DBC ...

Core Insights - Opendoor Technologies Inc. (NASDAQ:OPEN) reached a new all-time high following a 25-basis point interest rate cut by the Federal Reserve and plans for nationwide expansion [1][3][4] Group 1: Stock Performance - Opendoor's stock hit a 52-week high of $10.87 before closing at $10.21, reflecting a 14.46% increase for the day [2] Group 2: Market Impact - The Federal Reserve's interest rate cut is expected to positively impact the residential market, which is sensitive to interest rates, potentially increasing borrowing from homebuyers [3] Group 3: Company Developments - Under new management, Opendoor plans to expand its services across the entire continental United States in the coming weeks, following the return of co-founders and the appointment of a new CEO [4]

I said, "Hey sweetheart, I'll be back I think Wednesday or Thursday." And then she said, "Do not come back until there's a plan to break even." >> I am so excited for this. From CEO of Shopify to now CEO at Open Door. I never thought I would leave Shopify.I thought it was going to be like my job forever. If we can make buying, selling, and owning a home easier, less frictionful, the world will be a better place. We will get to a point where you will buy a home from Open Door, and if you don't like it, you'l ...

Core Insights - Opendoor Technologies' stock has surged approximately 17 times from its lows in late June, resulting in a 467% gain year to date after being down 99% from its all-time high in 2021 [1] Management Changes - The appointment of Kaz Nejatian as the new CEO on September 10 has contributed to the excitement surrounding Opendoor's stock [2] - Alongside Nejatian's appointment, co-founders Keith Rabois and Eric Wu are returning to the board, indicating a significant management overhaul [3][7] Business Model - Opendoor operates on an iBuying model, providing cash offers for homes, making necessary repairs, and reselling them for profit [3] - The company also generates revenue through an online marketplace, title, and escrow services, but the majority comes from selling directly owned houses [4] Profitability Challenges - Opendoor faces challenges in achieving profitability, particularly in a hot housing market where finding good deals is difficult [5] - The average gross profit margin for Opendoor has been only 8% since going public, which limits its ability to cover operating expenses [6]

Core Viewpoint - Opendoor Technologies is undergoing a significant leadership change aimed at enhancing operational focus and profitability amidst a challenging housing market, with shares experiencing a nearly 500% increase year-to-date [2][3][10]. Leadership Changes - The company appointed Kaz Nejatian as CEO and returned co-founders Keith Rabois and Eric Wu to the board, signaling a shift to a "founder mode" to streamline operations and prioritize core business objectives [5][6]. - Nejatian's compensation is heavily equity-linked, aligning his interests with shareholders, while Rabois has indicated the need for improved operational discipline due to perceived overstaffing [6] [9]. Financial Performance - In Q2 2025, Opendoor reported $1.6 billion in revenue, a modest year-over-year increase, and achieved $23 million in adjusted EBITDA, marking its first positive adjusted EBITDA quarter since 2022 [8]. - The company sold 4,299 homes during this period, but management noted a deteriorating housing market with high mortgage rates suppressing buyer demand [8]. Future Guidance - For Q3, Opendoor projected revenue between $800 million and $875 million and anticipated a return to negative adjusted EBITDA, highlighting challenges from a mix of older, lower-margin homes and low acquisition volumes [9]. - The company faces a critical need for a reacceleration in home acquisitions and improved contribution margins to sustain investor confidence following the leadership changes [10][11]. Strategic Focus - Nejatian's product-oriented background is expected to support Opendoor's shift towards agent-led distribution and capital-light revenue streams, which could enhance unit economics even in a subdued housing transaction environment [11]. - The company aims to improve its lead generation and conversion processes while maintaining cost discipline to bolster profitability [11]. Investment Considerations - The recent stock surge creates a high bar for performance, necessitating tangible evidence of recovery in acquisitions, stable contribution margins, and a return to positive adjusted EBITDA to justify the stock's valuation [10][13]. - Investors are advised to monitor upcoming quarterly results closely, as they will be critical in determining the sustainability of the recent rally and the effectiveness of the leadership reset [13].

Drew Angerer/Getty Images Martin Shkreli is betting against Opendoor stock. Once convicted of securities fraud, Shkreli now focuses primarily on stock trading. He shared a short position in Opendoor on X this week, drawing the ire of bullish retail investors. Martin Shkreli has returned. First rising to fame as the "pharma bro" who jacked up the price of an AIDS drug by 5,000% overnight and was eventually convicted of securities fraud, Shkreli is in the spotlight this week for taking aim at a stoc ...

Group 1 - Opendoor Technologies Inc. has seen its stock price increase by 800% over the last six months, indicating significant market interest and potential irrationality in the stock's valuation [1] Group 2 - The writer has a technical background in software engineering and has developed an interest in financial markets, particularly in the intersection of software, infrastructure, and capital allocation [2] - The writer analyzes tech companies through both technical and fundamental lenses, focusing on enterprise software, cloud infrastructure, AI platforms, and trading technology [2]

Core Viewpoint - Opendoor Technologies Inc. has granted inducement equity awards to its newly appointed CEO, Kaz Nejatian, as part of his employment agreement, which includes a significant number of restricted stock units and performance-based awards [1][2]. Summary by Sections Inducement Equity Awards - The Company granted three inducement equity awards to Kaz Nejatian, effective from his employment start date on September 15, 2025 [1][2]. - The awards include a Make-Whole RSU award for 1,580,611 shares and two performance-based PSU awards, each for 40,886,344 shares [2]. Make-Whole RSU Award - The Make-Whole RSU award will fully vest on June 15, 2026, contingent on Mr. Nejatian's continued service [3]. - In the event of a qualifying termination, the RSU award will vest in full [3]. Performance-Based PSU Awards - The first PSU award will vest over five years, with 20% vesting on the first anniversary and the remainder in quarterly installments, contingent on achieving an average stock price of $6.24 [4]. - The first PSU award allows for accelerated vesting upon qualifying termination and includes double-trigger vesting provisions related to a change in control exceeding $25 per share [4]. - The second PSU award has a five-year performance period divided into seven tranches, each requiring specific average stock price hurdles ranging from $9 to $33 [5]. - Each tranche has time-based vesting conditions, with the first tranche vesting on the first anniversary and subsequent tranches vesting quarterly over the following years [5]. - Similar to the first PSU award, the second PSU award includes provisions for accelerated vesting upon death or disability and double-trigger vesting related to a change in control exceeding $25 per share [5]. Company Overview - Opendoor is a leading e-commerce platform for residential real estate transactions, aiming to simplify the process of buying and selling homes [6]. - The Company has been operational since 2014 and serves markets across the U.S. [6].