BlindSmile
09-23
$Opendoor Technologies Inc(OPEN)$  why is it down
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Comments

  • Pikaris
    09-23
    Pikaris
    Why? In a post on X, Noble, who has founded two billion-dollar hedge funds and was an assistant to famed investor Peter Lynch, called Opendoor “total garbage,” while warning investors against believing in its long-term viability.


    “The company has lost money every single year since its founding,” Noble said, adding that “the business model does not work and has atrocious unit economics.”
  • Pikaris
    09-23
    Pikaris
    Why? In a post on X, Noble, who has founded two billion-dollar hedge funds and was an assistant to famed investor Peter Lynch, called Opendoor “total garbage,” while warning investors against believing in its long-term viability.


    “The company has lost money every single year since its founding,” Noble said, adding that “the business model does not work and has atrocious unit economics.”
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