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Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco , it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [ 2 ]
By then, it had raised over $300 million, with investors like SoftBank, and was spending upwards of $100 million a month to buy properties. [2] By March of 2019, it had a $3.5 billion pre-money valuation and raised around $1.3 billion in equity funding, as well as around $3 billion in debt financing for home purchases. [ 11 ]
And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,294 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have ...
The company operates the Lively phone service, an MVNO, or mobile virtual network operator, where it rents cellular service from other operators, and primarily caters to seniors with old-fashioned phones and medical alert devices. [16] Lively manufactures the Jitterbug Flip phones, an easy-to-use cell phone marketed for American elderly. [16]
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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.
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