Reported 14 days ago
Opendoor Technologies, facing significant declines in stock prices and revenue due to rising mortgage rates, may see a rebound as interest rates decrease. Currently 94% down from its peak, the company aims to simplify home buying and selling processes. Despite recent struggles, including a 24% revenue drop, its management is optimistic about future profitability through improved inventory and market positioning, making it a potential, albeit risky, investment opportunity for those with a long-term perspective.
Source: YAHOO