Executive Changes - Opendoor's CFO, Selim Freiha, has left the company effective immediately, with Christy Schwartz appointed as interim CFO [2] - OpenAI has hired Mike Liberatore as its business finance officer, overseeing AI infrastructure spending [3] - Unilever appointed Srinivas Phatak as its new finance chief, having been with the company for 26 years [4] - Market Basket's CFO, Donald Mulligan, has been named interim CEO following the removal of Arthur T. Demoulas [5] - Insulet has appointed Flavia Pease as CFO, effective September 30, transitioning from her previous role at Charles River Laboratories [6]

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]

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 ...

The Fed just cut rates.The frozen housing market will start to thaw.$OPEN will be a big beneficiary. ...

Market Overview - The Dow Jones Industrial Average rose by 461.88 points, up 3.10 points (+0.67%), while the S&P 500 edged down 0.1% and the Nasdaq Composite slipped 0.5% by midday [1][29] - The market is pricing in a nearly 96% chance of a 25 basis point cut by the Federal Reserve, with analysts closely watching the updated dot plot for potential additional cuts before year-end [2][16] Sector Performance - Nvidia fell nearly 3% after China banned its AI chip sales to domestic tech giants, while Tesla and Uber also struggled [3] - Workday surged over 8% on activist investor support, indicating strong market interest in companies with robust backing [3] - Oracle dipped 2.7% despite strong AI cloud demand, highlighting the market's focus on corporate earnings and regulatory developments [4] Economic Indicators - Housing starts and building permits for August fell to 1.307 million and 1.312 million respectively, weaker than the expected 1.37 million, intensifying expectations of Fed rate cuts [5][29] - The labor market showed signs of slowdown, with August job growth adding only 22,000 jobs and unemployment rising to 4.3%, the highest since 2017 [18] Small-Cap Performance - Small-cap indexes gained modestly, reflecting improving investor optimism amid softer macroeconomic data and expectations of Federal Reserve rate cuts [7][21] - The Russell 2000 index of small caps rose 0.9%, indicating better performance relative to large caps [23][30] Sector-Specific Movements - Financials and banking sectors typically rally on rate cuts due to cheaper borrowing costs, although they experienced a small decline on this particular day [27] - The technology sector remains a top performer, buoyed by the AI boom and growth expectations, despite some volatility post-announcement [27] - Utilities have risen as bond yields fell in anticipation of the rate cut, reflecting their defensive appeal amid market uncertainties [27]