Opendoor(US:OPEN) Benzingaยท2025-09-15 07:17Core Viewpoint - Eric Jackson, founder of EMJ Capital, emphasizes that his investment in Opendoor Technologies Inc. is based on fundamental value rather than the viral nature associated with meme stocks like GameStop [1][2]. Company Overview - Opendoor Technologies Inc. has seen a significant stock rally, increasing by 466.88% year-to-date and 662.18% over the last six months, largely due to Jackson's advocacy [4]. - Jackson compares Opendoor to "the Amazon of housing," indicating its potential to transform the real estate buying and selling process [5]. Management Changes - Recent management changes at Opendoor include the return of co-founders Keith Rabois and Eric Wu to the board, and the appointment of Kaz Nejatian, former COO of Shopify, as CEO [5]. - Rabois has proposed a substantial workforce reduction from 1,400 to fewer than 200 employees, focusing on merit and excellence while criticizing remote work and diversity initiatives [5]. Marketing Strategy - Jackson is actively seeking support from Canadian rapper Drake to mobilize the "OPEN Army," utilizing grassroots marketing strategies to engage unconventional audiences [6]. Stock Performance - The stock price of Opendoor fell by 13.78% to $9.07 per share recently, but it has advanced 281.09% over the year [7]. - Benzinga's Edge Stock Rankings indicate that Opendoor maintains a stronger price trend across short, medium, and long terms, although its growth ranking is relatively weak [7].