Core Viewpoint - Opendoor Technologies has gained significant attention as a potential meme stock, with its stock price rising dramatically after being compared to Carvana, which saw a massive increase after a near bankruptcy [1][2] Company Overview: Opendoor Technologies - Opendoor's stock surged over 2,000% at one point, although it has since experienced a modest pullback [2] - The company underwent a leadership change, with CEO Carrie Wheeler stepping down and Shopify COO Kaz Nejatian appointed as the new CEO [2] - Co-founders Eric Wu and Keith Rabois have returned to the board, with Rabois taking on the role of chairman [2] Company Overview: Better Home & Finance - Better Home & Finance is a digitally native homeownership company offering mortgage, insurance, and real estate services [4] - The company utilizes an AI technology platform, Tinman, to provide customers with mortgage rates and preapproval in as little as three minutes [4] - Funded loan volume increased by 25% to $1.2 billion in Q2, while overall revenue rose by 37% to $44.1 million, although the company reported a loss of $36.3 million in the same quarter [5] Market Position and Growth Potential - Both Opendoor and Better are attempting to disrupt the housing market through digital-first approaches [5] - Better's revenue is projected to be less than $200 million for the year, indicating it has not yet reached significant scale [10] - Jackson has suggested that Better could potentially become a 350-bagger in two years, similar to Opendoor's trajectory [8] Investment Considerations - The business models of both companies are considered unproven, with Opendoor never having generated a profit [9] - Opendoor's reliance on selling homes for more than their purchase price raises concerns, especially in a market with stretched home prices [9] - The current movements in both stocks appear to be driven by meme-based speculation, leading to expected volatility [11]