The management team expects a bigger slowdown in the housing market in the second half of 2025. Opendoor (OPEN 11.80%) has been one of the most volatile stocks in the market in recent weeks. *Stock prices used were the afternoon prices of Aug. 18, 2025. The video was published on Aug. 20, 2025. ...

RT based16z (@based16z)Scams used to be fun.Suckers believed in "the tech" and the promoters sold a dream. Now, people don't pretend to believe.Opendoor is a synecdoche for the 2025 transition toward apathetic grift. In 2021, Keith and Chamath dumped on people who believed in the 'company". Now, some guy is standing outside of Drake's house to pump OPEN cause it's like carvana.People are openly looting.- Chamath writing "no crying in the casino" in official offering documents- Microstrategy mgmt saying "sha ...

Core Insights - Opendoor Technologies' stock has increased by over 370% in the last three months, with a notable gain of 9.6% in recent trading despite declines in major indices [1][5] - The recent report from the National Association of Retailers (NAR) indicating a 2% increase in existing home sales is seen as a positive indicator for Opendoor's business [4] - The company's market capitalization has risen to approximately $2.6 billion, with some attributing the stock's performance to meme stock trading, although this view has been challenged [5][6] Company Performance - Opendoor's stock price rose by as much as 15.2% during morning trading, reflecting strong market interest [1] - The NAR's report showed existing home sales increased by 0.8% year-over-year, with the median home price rising by 0.2% to $422,000, which is favorable for Opendoor's platform engagement [4] Market Dynamics - The surge in Opendoor's valuation is partly attributed to the influence of retail investors, with active traders forming a "decentralized hedge fund" to support promising investment ideas [6] - The dynamics of retail support and meme trading are expected to play a significant role in Opendoor's stock performance in the near term [6]

Core Insights - The stock of Opendoor Technologies has experienced significant volatility, recently rising over 500% before cooling off, amid concerns about inflation and leadership changes [11][12] - The current inflation rate in the U.S. is 2.7% as of July 2025, which could impact the housing market and Opendoor's business model [1][10] Company Overview - Opendoor Technologies aims to revolutionize the housing industry with an e-commerce model, allowing users to buy and sell homes online [4] - The company purchases homes, typically in good condition or needing minor repairs, and resells them on its platform [4] Financial Performance - Opendoor operates with slim profit margins, needing to balance competitive home purchase offers with profitable resale prices [5] - The company relies on debt to acquire homes, which incurs interest expenses, complicating its financial sustainability [5] Market Conditions - The housing market is currently slow, primarily due to high mortgage interest rates, which are at 6.5% for 30-year loans [9] - Rising interest rates can significantly increase housing payments, making home purchases less affordable [9] Impact of Inflation - If inflation continues to rise, it may lead the Federal Reserve to maintain or increase the federal funds rate, further complicating the housing market for Opendoor [10][12] - The company has previously faced challenges due to rapid interest rate hikes, resulting in substantial losses on unsold inventory [6] Leadership and Future Outlook - The recent resignation of CEO Carrie Wheeler adds uncertainty to Opendoor's future, as the company is already struggling [11][12] - Investors are advised to be cautious and may want to wait for a new CEO and improved business performance before considering investment [13]

Core Viewpoint - Hedge fund manager Eric Jackson and crypto investor Anthony Pompliano have dismissed claims that Opendoor Technologies, Inc. is a meme stock, despite the stock's recent surge of over 40% in five days [1]. Group 1: Retail Investor Sentiment - A survey conducted by Benzinga revealed that 69% of retail traders believe Opendoor is a meme stock, while 30% disagree [6]. - The term "meme stock" refers to stocks that gain popularity through community support rather than strict fundamentals, often driven by platforms like Reddit and Discord [2]. Group 2: Company and Industry Context - Opendoor operates in the disruptive digital homebuying industry, appealing to retail investors who value community-driven narratives and collective action [3]. - The stock's value is linked not only to its fundamentals but also to broader themes of decentralization and optimism about future housing markets [3]. Group 3: Market Dynamics - Jackson and Pompliano acknowledge the power of retail investors to influence markets but deny that Opendoor fits the meme stock category [4]. - The community support for Opendoor is seen as a way for the company to gain visibility and recognition, challenging traditional finance narratives [4].

Core Viewpoint - Opendoor Technologies Inc. is experiencing a significant decline in stock price following the resignation of CEO Carrie Wheeler and disappointing guidance after a brief rally fueled by retail investors [1][2][5]. Leadership Change - CEO Carrie Wheeler resigned under pressure from activist investors, leading to the appointment of Chief Technology and Product Officer Shrisha Radhakrishna as interim CEO while the board searches for a permanent successor [3][4]. Earnings Performance - Opendoor reported second-quarter revenue of $1.57 billion, exceeding estimates of $1.50 billion, and achieved an adjusted EBITDA of $23 million, marking its first quarterly profit since 2022 [5]. - Despite the positive earnings, the company provided weak guidance for the third quarter, projecting revenue between $800 million and $875 million, significantly below the consensus estimate of $1.22 billion, and an adjusted EBITDA loss of $21 million to $28 million [5][6]. Analyst Reactions - Following the earnings report, analyst Ryan Tomasello downgraded Opendoor's stock to Underperform with a target price of $1, citing concerns over the company's pivot to an agent-led model and a revenue outlook approximately 40% below consensus [6]. - The downgrade reflects expectations of wider EPS losses and deeper EBITDA deficits in 2025 and 2026, raising concerns about weakening demand and delayed margin recovery [6]. Stock Performance - Opendoor's stock is currently trading at approximately $3.22, a decline of about 34% from its 52-week high of $4.97, while remaining significantly above its 52-week low of $0.51 [7].

RT Eric Jackson (@ericjackson)YOU’RE NOT BULLISH ENOUGH ON $OPEN - Part II:I had a great chat today with @sriramHODL of @joinhorizon_ and what a potential partnership with OPEN might allow for:One thing snapped into focus for me: home equity is a massive asset class hiding in plain sight. With AI + agent-less ops, Opendoor can unlock it. 🧵 ...

Core Insights - Opendoor Technologies Inc.'s AI-driven cash offer model is central to its business operations, with one in four acquisitions coming from agent-led cash offers [1][8] - The company is diversifying its product offerings to enhance competitiveness amid housing market volatility and high mortgage rates [2] - The agent-led model has shown significant success, achieving five times higher listing conversion rates during pilot programs [3][8] - While the AI cash offer model's full potential won't be realized until 2026, it is expected to improve revenue visibility and profitability in the long term [4] Stock Performance - Opendoor's stock has increased by 391.6% over the past three months, outperforming the Zacks Internet - Software industry, the Zacks Computer and Technology sector, and the S&P 500 index [5][8] - Compared to competitors Zillow Group, Inc. and Compass, Inc., which gained 21.8% and 43.9% respectively, Opendoor has significantly outperformed [6][8] Valuation Metrics - Opendoor's stock is currently trading at a forward 12-month price-to-sales (P/S) ratio of 0.55, indicating a discount compared to industry peers [9] - Zillow and Compass are trading at higher valuations, with forward 12-month P/S ratios of 6.94 and 0.61 respectively [11] Earnings Estimates - Opendoor's loss per share estimates for 2025 have widened to 24 cents from 21 cents over the past 30 days, indicating a year-over-year growth of 35.1% despite the loss [12]

Open Door's Leadership and Strategy - The former CEO Carrie Wheeler stepped down, seen as a positive move, with a call for a tech/product-focused successor to lead the company [1][2][5] - The company should embrace AI to become the "Amazon or Google of real estate," potentially reducing the workforce and streamlining operations like house inspections [4][8][10] - Open Door should shift to a purely asset-light marketplace model, similar to Airbnb, to reduce capital risk and debt [4][11][12] Market Opportunity and Competition - The US residential real estate market is a $20 trillion market, with $14 trillion tied to mortgages, presenting a massive opportunity for Open Door [13] - Open Door's unique value proposition lies in providing sellers with a firm cash offer within 45 days, differentiating it from competitors like Zillow and Rocket [14][19][17] - The company's goal should be to capture 10% of the market, a significant increase from its current 0.5% national share [25] Financial Restructuring and Innovation - Open Door should partner with institutional buyers to facilitate transactions, reducing its own capital risk and offering them opportunities to acquire properties at potentially discounted prices [22][23] - The company should advocate for the national adoption of assumable mortgages to drive down the cost of homeownership and increase transaction volume [28][29][32] - Open Door should explore international expansion, leveraging the high demand for its services in countries like the Netherlands, UK, and Spain [40][41] Retail Investor Influence and Company Culture - Retail investors have become a significant force, advocating for change and holding the company accountable, with a desire to see Open Door become a multi-billion dollar company [39][46][51] - There's a perceived need for a cultural shift within Open Door, emphasizing hard work, responsiveness, and engagement with the customer base [45][46] - The company should consider leveraging Bitcoin and Ethereum, potentially allowing customers to use these assets to qualify for mortgages [54]

Core Viewpoint - Opendoor Technologies has experienced a significant stock rally, driven by retail trading momentum and meme stock status, despite underlying fundamental challenges [1][3]. Group 1: Stock Performance - Opendoor's stock rose 19% in a single trading day and is up nearly 60% over the past five trading sessions [1]. - The stock remains down almost 90% from its SPAC-era peaks but has more than doubled year-to-date [1]. - Short interest stands at approximately 23% of outstanding shares, contributing to price volatility during trading activity [1]. Group 2: Company Developments - The announcement of the CEO stepping down was positively received by investors, although the reasons for this change are unclear [1]. - The company's second-quarter results exceeded expectations, with revenue of $63 million and EBITDA of $6 million [1]. Group 3: Financial Fundamentals - Opendoor's Price-to-Sales multiple is 0.5x, significantly lower than the S&P 500's 3.2x, but this may be misleading due to revenue recognition practices [3]. - The company has experienced an average annual revenue decline of 24% over the past three years, although it rebounded by 14% in the last 12 months to $5.2 billion [3]. - Operating income for the last 12 months was negative $204 million, reflecting a -3.9% margin [3]. - Opendoor carries $2.2 billion in debt, leading to a Debt-to-Equity Ratio of 79.2%, but has $789 million in cash as a buffer [3].