Jim Cramer on Opendoor Technologies: “I’m Not a Believer Until It Makes Money”

Core Viewpoint - Opendoor Technologies Inc. (NASDAQ:OPEN) is currently viewed as a high-risk investment due to its lack of profitability, with skepticism expressed by financial analysts regarding its valuation and market behavior [1]. Company Overview - Opendoor operates a digital platform that facilitates the buying and selling of homes directly, allowing users to list their properties or connect with potential buyers through its marketplace [1]. Analyst Commentary - Jim Cramer highlighted that Opendoor is perceived as a "meme stock," indicating concerns about market manipulation and the company's financial performance. He emphasized that he would not invest until the company demonstrates profitability [1]. - The departure of the CEO was noted, with Cramer describing him as a "straight shooter," but the circumstances surrounding his exit remain unclear [1]. Investment Perspective - While there is potential for Opendoor as an investment, analysts suggest that other AI stocks may present better upside potential with lower downside risk [1].