Opendoor Technologies Inc. is experiencing heightened engagement from retail investors who are actively contributing ideas to unlock shareholder value, including product development, capital structure, and marketing strategies. These investors, referred to collectively as the "Retail Opendoor Army," are urging the company's management and board of directors to respond and act on these proposals. Shareholders emphasize alignment with the original founders and key executives who helped build Opendoor, highlighting the importance of insider buying and discouraging insider selling to support the stock's growth from $82 to $200 per share. Concerns have been raised about the company's financials, including $36 million in interest expenses on $1.8 billion of debt, $23 million in inventory costs, and $1.5 billion worth of inventory held. Suggestions from investors include the CEO purchasing shares and a $200 million share buyback program to reduce debt. Additionally, calls have been made for CEO Carrie to increase her public presence through media interviews to promote Opendoor's recent quarterly results and long-term strategic plans. The board of directors is under pressure to respond decisively, with some observers anticipating a critical moment for governance.
The Opendoor board of directors is about to have their Scott Thompson Stonehill College moment https://t.co/2cEGlHZJPF
May i suggest might be a good thing for Carrie to get out there and actually do CNBC, Fox Biz, Bloomberg, podcasts to actually promote $OPEN and your recent quarter and grand long-term strategic plan for the company? Since Tuesday earnings, she has done exactly ZERO interviews https://t.co/zLAx9KpBQU
When retail starts doing math and seeing their inherent power, they stop being serfs… Greatness awaits for all of us! $OPEN https://t.co/Cm4FYFfjmp