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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn’t one of them. The 10 stocks that ...
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.
Opendoor is an online "iBuyer" which makes instant cash offers for homes, fixes up those properties on its own, and relists them for sale on its first-party marketplace.
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.
There was a lot to like in Opendoor's latest earnings report, but the outlook is troubling. Skip to main content. Subscriptions; Animals. Business. Entertainment. Fitness. Food. Games. Health ...
The deal valued Opendoor at an enterprise value of $4.8 billion. [16] [17] On December 17, 2020, shareholders of Social Capital Hedosophia Holdings Corp II approved the merger. [18] On December 21, 2020, the merger was finalized and the company began trading on the NASDAQ stock exchange under its new name, Opendoor. [19]
The real estate tech leader is taking steps to get back on track.
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn’t one of them. The 10 stocks that ...