JOURNAL ARTICLE

Opendoor CEO Wants to Make The Most of Meme-Stock Moment.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Clark, Patrick 3 of 3

Abstract

The article focuses on Opendoor Technologies Inc., a real estate company that has recently experienced a significant stock rally, increasing by 460% after years of losses and facing potential delisting. Chief Executive Officer Carrie Wheeler aims to leverage this renewed interest to reposition the company from its traditional home-flipping model to offering homeowners diverse selling options. Opendoor reported its first profitable quarter in three years, with adjusted earnings of $23 million, and anticipates generating up to $875 million in revenue for the third quarter, despite a projected loss. The company has also adapted its strategy by incorporating real estate agents into its process and introducing a new product called Cash Plus, which allows sellers to benefit from resale proceeds. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:187143553
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