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However, as tech stocks went into a bear market in 2022 and the housing market froze as interest rates surged, Opendoor plunged. Opendoor stock is now down a whopping 95% from its peak in 2021.
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 ...
Shares of Opendoor Technologies (NASDAQ: OPEN) slipped 12.5% in October, according to data from S&P Global Market Intelligence.The online home-buying platform trades in line with mortgage rates on ...
The real estate tech leader is taking steps to get back on track.
Opendoor’s stock fell 2.4% to $4.79 on Monday. Opendoor pioneered the model, often called ibuying, and competed with Zillow Group Inc. until the online listing giant exited the business last year.
Opendoor reported a loss of $1.4bn in 2022, after a loss of $662 million in 2021. Sales in 2022 were $15.6 billion. [20] In November 2022 Opendoor cut 18% of its workforce, or 550 jobs. [20] Ahead of its 2020 IPO, the company's market cap was around $18 bn. That cap in early 2023 was slightly above $1 billion. [26] Opendoor cut 22% of its ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ...
The Motley Fool has positions in and recommends Offerpad Solutions, Opendoor Technologies, Redfin, and Zillow Group. The Motley Fool recommends the following options: short November 2024 $13 calls ...