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Opendoor reported $1.5 billion in revenue in the second quarter, or an annual run rate of $6 billion on about 4,000 homes sold. Let's assume Opendoor can double its revenue in a healthier housing ...
Opendoor Technologies Inc. agreed to pay $62 million to the Federal Trade Commission to settle allegations that it misled potential home sellers in its marketing campaigns.
Well, that affected Opendoor's ability to buy homes, which is essentially its entire business model. Revenue for the company went from a peak of $15 billion to $4.5 billion over the past 12 months.
The real estate tech leader is taking steps to get back on track.
In 2018 and 2019, Dream Center Education Holdings began closing and selling off schools of the Art Institutes, Argosy University, and South University. [92] In 2019, Argosy University closed. USA Today portrayed the school's collapse as part of a trend, highlighting the losses of other for-profit colleges, including Brightwood College (2018 ...
From 2002 to 2004 alone, tuition rates at public schools increased by just over 14%, largely due to dwindling state funding. A more moderate increase of 6% occurred over the same period for private schools. [51] Between 1982 and 2007, college tuition and fees rose three times as fast as median family income, in constant dollars. [52]
Real estate technology company Opendoor Technologies (NASDAQ: OPEN) stock dropped 32% in December, according to data from S&P Global Market Intelligence. Mortgage rates went back up after receding ...
Financial pressures have made college administrations increasingly reluctant to lose the tuition obligations of students who might otherwise be failed or expelled, and to fill their classrooms they must accept students who may not be able to complete a four-year degree in four years. [121] [122]