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$OPEN -Motley Fool: The Hedge Fund Manager Who Called Carvana's 100x Move Says This Stock Is The Next 100-Bagger https://t.co/ad8dPwWCCD
YOU’RE NOT BULLISH ENOUGH ABOUT $OPEN: Earlier today, I spoke with @raunaqsingh87 of @GetRoam (ex-Opendoor for 4 years). We did the math. If $OPEN lays off 90% of its 1,407 employees, replaces them with AI, ditches iBuying, and goes all-in on an asset-lite model… …it could be
Couple weeks ago $OPEN ripped to $5 then crashed to $1.80. One investor yanked 80% of my assets — said he didn’t sign up to be involved in a “meme stock.” My own directors emailed asking if I was still in. I said: “Yes. Watching closely.” Now it’s $3.30. This is just the first https://t.co/0YcDoscPkH
Shares of Opendoor Technologies Inc. ($OPEN) have experienced notable volatility recently, rising to $5 before dropping to $1.80 and currently trading around $3.30. Investor confidence has been shaken, with one investor withdrawing 80% of assets due to concerns over the stock being treated as a "meme stock." Internal discussions among Opendoor's board members have also surfaced, with some questioning leadership decisions. Industry analysts and insiders suggest that for $OPEN to reach a $500 valuation, it would require strategic shifts including significant layoffs—potentially up to 90% of its 1,407 employees—replacement of staff with artificial intelligence, abandoning its iBuying business, and transitioning to an asset-light model. This perspective was shared in a recent conversation between Eric Jackson and Raunaq Singh of GetRoam, a company with former ties to Opendoor. The stock has attracted attention from hedge fund managers, with some comparing its potential growth trajectory to Carvana's historic 100-fold increase. The future of Opendoor remains uncertain, with questions about whether it will face bankruptcy under Chapter 7 or restructure under Chapter 11 within the next one to four years.
