Opendoor Technologies Aktie News

The U.S. real estate market is struggling as high interest rates and economic uncertainty keep many would-be buyers on the sidelines. Opendoor buys thousands of homes each year from willing sellers and aims to flip them for a profit, which is a very risky business model.

Opendoor's new CEO has a game plan to turn the business around. Third-quarter results were underwhelming.

Opendoor Technologies is using artificial intelligence to improve efficiency and reduce costs. The company's CEO believes that by the end of next year, it could be on track to achieve profitability on an adjusted basis.

Opendoor Technologies (OPEN 8.64%) just announced its biggest pivot yet -- moving from home flipping to artificial intelligence. The company's bold transformation could redefine its future, but investors need to know whether it's substance or story before buying in.

Opendoor Technologies (NASDAQ:OPEN ) has become the preeminent meme stock lately, rallying from penny stock territory this past summer to one where its shares have rallied more than tenfold.

Opendoor's results have been disappointing as it continues to operate in a challenging landscape. It appointed a new CEO in September who's committed to getting results.

Shares of Palantir and Opendoor have more than doubled this year, but they are down 17% to 21% from their recent highs. Palantir continues to post accelerating growth, clocking in with a record top-line jump in its latest quarter.

Opendoor stock has been climbing on a retail investor social media campaign. The real estate market remains under heavy pressure.