The Opendoor board chair says company is bloated and needs to cut ... 85% of the workforce. that's 8.5 out of every 10 employees they want to kick to the curb.
“There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC.
https://www.cnbc.com/2025/09/12/opendoors-k...
Opendoor Technologies
OPEN
NASDAQ
IPO2020
about OPEN
Opendoor Technologies is a digital platform that aims to simplify residential real estate transactions by directly buying homes from sellers for cash, making necessary repairs, and then reselling them to new buyers, often integrating mortgage and other services.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $7.42 | $8.02 | $7.36 | $5.77B | 120.81M |
| eps |
price to earnings |
price to sales |
operating margin |
profit margin |
yield |
| -$0.04 | n/a | 3.62 | -0.83% | -1.85% | 0% |
New CEO day! Kaz Nejatian takes over as Opendoor firmly establishes itself as a meme stock
The expectation of interest rates falling is breathing fresh life into this company. The past five years they have been circling the drain, but if Trump gets his way and fires JPow we could see a huge rise in home buying activity.
Company has never turned a profit but let's launch 15% in a single day, sure.