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House flipping startup called open door wtf
invite response
2018 Jun 13, 12:05pm 9,454 views 53 comments
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50
zzyzzx
2023 Mar 10, 11:23am
zzyzzx
2023 Mar 10, 11:23am
https://www.fool.com/investing/2023/03/05/the-real-estate-market-has-officially-closed-on-op/
it seems Opendoor is actually quite bad at home flipping. For example, in August of 2022 it is estimated that the company lost money on 42% of its transactions.
it seems Opendoor is actually quite bad at home flipping. For example, in August of 2022 it is estimated that the company lost money on 42% of its transactions.
53
EBGuy
2024 Nov 8, 10:58pm
Opendoor, a real estate tech company headquartered in San Francisco, announced Thursday that it will lay off 300 workers.
CEO Carrie Wheeler announced the cuts, which total 17% of Opendoor’s staff, in a letter to shareholders attached to the company’s quarterly earnings report. They continue a brutal trend for Opendoor’s staff: The company slashed 550 jobs in November 2022, and 560 more in April 2023. But the layoffs haven’t reversed Opendoor’s fortunes. The firm lost $278 million from January through September.
https://www.sfgate.com/tech/article/opendoor-layoffs-300-workers-real-estate-19900852.php
CEO Carrie Wheeler announced the cuts, which total 17% of Opendoor’s staff, in a letter to shareholders attached to the company’s quarterly earnings report. They continue a brutal trend for Opendoor’s staff: The company slashed 550 jobs in November 2022, and 560 more in April 2023. But the layoffs haven’t reversed Opendoor’s fortunes. The firm lost $278 million from January through September.
https://www.sfgate.com/tech/article/opendoor-layoffs-300-workers-real-estate-19900852.php
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https://www.cnbc.com/2018/06/13/house-flipping-start-up-opendoor-raises-325-million-series-e.html?__source=realestate%7Cnews%7C&par=realestate