One of $OPEN's first angel investors just bought 50,000 shares and says he believes real estate needs @Opendoor.The people who built the company are coming back because they see retail investors' passion to ensure the company's success.Adam Nash (@adamnash):It has been painful to watch @Opendoor over the last few years.As one of the original angel investors, $OPEN always had audacious goals for a $100B+ company. But it recently lost its way.This is why I support the current efforts of @ericjackson to reinvi ...

Core Viewpoint - Citron Research, led by Andrew Left, criticized Opendoor Technologies, labeling it a "stock promo and a science project in how to burn money," while expressing a more favorable view on loanDepot, Inc. [1][2] Company Analysis - Citron Research argues that Opendoor's business model has never been successful, stating, "The business model is not broken….it has never worked" [2]. - Despite the criticism, Opendoor's stock initially dipped but quickly rebounded, indicating investor resilience [2]. - Opendoor shares experienced a significant increase of over 8% on heavy trading volume, with a remarkable rise of more than 420% over the past six months [3][4]. Market Reaction - Following Citron's comments, loanDepot shares also saw a rally, as the market is perceived to undervalue its mortgage servicing division, which Citron valued at $5 per share, more than double its recent trading price [3][4]. Financial Concerns - Citron highlighted several risks associated with Opendoor's business, including: - Inability to leverage AI for margin scaling or market defense [5]. - Low margins in the housing sector, where a 1-2% swing can eliminate profits [5]. - Significant capital requirements, with billions tied up in inventory and no guaranteed resale [5]. - Competition from Zillow, which previously attempted and failed with a similar model [5]. - Anticipation of massive dilution due to ongoing cash burn [5].

智通财经APP获悉，Opendoor Technologies(OPEN.US)股价延续近期涨势，截至发稿，该股涨超10%， 报6.56美元。该股昨日创下自2022年8月以来的最高收盘价。 ...

Group 1: FinTech IPO Index Performance - The FinTech IPO Index experienced a slight gain of 0.5% during a trading week shortened by the Labor Day holiday [1] Group 2: Opendoor Stock Movement - Opendoor's stock surged over 48%, continuing its volatile trading pattern, with notable support from Eric Jackson, who suggested significant future upside potential [2] - Katapult's shares increased by approximately 39.6%, despite the absence of specific company news [2] Group 3: Affirm's Financial Results - Affirm's shares rose about 15.5% following the release of its latest results, which showed new highs in several business lines for the June quarter [3] - Gross merchandise volume (GMV) for Affirm soared 34% to $10.4 billion, while revenues increased by 33% to $876 million [4] - The Affirm Card's GMV grew 132% to $1.2 billion, with active cardholders rising 97% to 2.3 million [4] Group 4: nCino's New Product Launch - nCino launched ProBanker by FullCircl, aimed at providing regulated businesses with end-to-end client lifecycle management [4] - An initial pilot with a major U.K. bank indicated that ProBanker helped identify potential credit risks six months earlier than current processes [6] Group 5: dLocal Share Pricing - dLocal priced 15 million Class A common shares at $12.75 per share, with no proceeds going to the company from this offering [7] - The company's stock declined by 11.3% following this announcement [7]

Core Viewpoint - The rally of Opendoor Technologies' stock continues, driven by retail investors, despite challenges in its underlying business and significant shareholder selling activity [1][3][4]. Group 1: Stock Performance - Opendoor's stock has seen a significant increase, jumping as much as 12.3% in a single day and remaining up by 4.8% shortly after [1]. - Since bottoming out at $0.51 per share in June, the stock has skyrocketed over 800% due to retail investor interest and short-covering [3]. Group 2: Business Challenges - The company has been struggling due to a sluggish housing market, which has impacted its business operations [3]. - There is increasing pressure from investors for the company to execute a turnaround amid the ongoing meme stock euphoria [4]. Group 3: Leadership Changes - Former CEO Carrie Wheeler announced her resignation in mid-August, citing the need for new leadership to guide the company [4]. - Wheeler sold 7 million shares worth nearly $35 million, representing about half of her total stake, which was valued at approximately $3.5 million in late June [4]. Group 4: Market Dynamics - Despite the large shareholder sale, retail buyers have been sufficient to maintain the stock rally, with Wheeler's shares accounting for slightly less than 1% of total shares outstanding [5]. - Given the current state of the housing market and the stock's extraordinary rise, there are suggestions for investors to consider taking profits [5].

Group 1: Investment Opportunities - Eric Jackson, founder of EMJ Capital, has a bullish outlook on Opendoor Technologies, Inc. (OPEN), projecting a target price of $82 per share, labeling it as a potential "100-bagger" [1] - OPEN stock has experienced a significant increase of 140% over the past month [1] - Jackson holds a portfolio of high-conviction stocks, indicating a strategic focus on long-term growth [1] Group 2: Cryptocurrency and Blockchain Investments - Jackson holds the iShares Ethereum Trust ETF (ETHA), which tracks the price of Ethereum, to capitalize on the growing institutional interest in crypto assets [2] - He identifies the cryptocurrency sector as disruptive and primed for exponential growth due to increasing blockchain adoption [2] - IREN Ltd. (IREN) is positioned for high growth in the Bitcoin mining and AI sectors, with Jackson labeling it as a potential "10-bagger" [3] - Cipher Mining, Inc. (CIFR) is also seen as a pure play on the Bitcoin mining boom, with significant undervaluation relative to cryptocurrency growth prospects [4] Group 3: Emerging Technologies - BTQ Technologies, Inc. (BTQQF) focuses on post-quantum cryptography related to blockchain technologies, which Jackson believes has asymmetric payoff potential [5] - Defi Technologies, Inc. (DEFT) creates exchange-traded products that mirror the performance of individual DeFi protocols, indicating a belief in its mispricing and potential for transformational gains [6] Group 4: Investment Philosophy - Jackson's investment strategy emphasizes the pursuit of "100-baggers" in mispriced assets with clear catalysts and turnaround potential [7] - He advises retail investors to embrace market volatility and maintain positions through drawdowns, discouraging frequent trading to capture larger gains [7]

I want to know who is shorting $OPEN.Stand up, raise your hand, and let the retail army see who they are competing against.You know which side I am on. ...

Core Thesis - Opendoor Technologies has the potential to reach a share price of $9–10, doubling from its current price of $5, driven by revenue recovery and valuation reset [3][4][8] Revenue and Valuation - Opendoor recorded revenues of $6.9 billion in 2023 and $5.2 billion in 2024, with forecasts suggesting a recovery to $12–13 billion by 2026 [3] - The company is currently trading at 0.3x forward sales, significantly lower than competitors like Zillow, which trades at 3x [4] - If revenues recover to $12 billion and the price-to-sales (P/S) multiple increases to between 0.7 and 1.0x, the stock could trade around $9–10 [4][8] Key Growth Drivers - Housing market stabilization is expected as mortgage rates decrease and inventory remains constrained, leading to increased transaction activity [6] - Improving unit economics with gross margins rising from negative figures in 2022 to approximately 5–6% in 2024 due to better pricing algorithms [6] - Diversification into mortgage, title, and home services is increasing revenue per customer and reducing reliance on iBuying [6] - Partnerships with Zillow, Realtor.com, and homebuilders are enhancing deal flow and distribution [6] Path Toward Profitability - The company has shown positive adjusted EBITDA in recent quarters and is projected to significantly reduce net losses by 2025, which could attract institutional investors [7][9]

Core Insights - The rally in Opendoor Technologies' stock is attributed to signs that interest rates may soon decrease, which has positively influenced investor sentiment [1][5] - The resignation of CEO Carrie Wheeler has sparked hopes for a turnaround under new leadership, contributing to the stock's upward momentum [1][5] - Despite a weak second-quarter earnings report, the stock has surged nearly 1,000% since early July, with a notable 142% increase in August alone [2][5] Stock Performance - Opendoor's stock experienced significant volatility in August, but the upward movements outweighed the pullbacks, indicating strong investor interest [2][4] - The stock jumped nearly 40% on August 22 after Fed Chair Jerome Powell hinted at potential interest rate cuts, reflecting market sensitivity to economic indicators [6] - The stock price has risen from around $0.50 to over $5 per share in just two months, highlighting a remarkable recovery [8] Market Context - Retail investors have remained engaged, although there were signs of fading momentum towards the end of July, influenced by social media discussions [4] - The company currently has a market capitalization of $3.8 billion, indicating it is still relatively small in the market [8] - Future stock performance may depend on actual improvements in the business and a recovery in the housing market, should interest rates decline [8]

The meme-stock rally at Opendoor Technologies has been very good for its former CEO. Carrie Wheeler, who resigned under pressure, filed paperwork to sell 7 million Opendoor shares worth roughly $35 million. https://t.co/7Fip3fLjvO ...