Opendoor: From Meme Stock to Reality Check

Bill Cara analyzes Opendoor Technologies (OPEN), highlighting its sudden stock market plunge following a dramatic 1200% rally. This reversal is attributed to fundamental flaws in its iBuying business model, which is struggling under a high-interest rate environment and macroeconomic headwinds. The company faces leadership instability with the recent CEO resignation and a disappointing Q3 revenue forecast, signaling a shift from speculative potential to a fight for survival. Furthermore, institutional investors are selling off their stakes, while retail traders contribute to extreme stock price volatility. Bill Cara concludes with a highly cautious outlook, suggesting that Opendoor is a high-risk speculative trade rather than a long-term investment until it demonstrates a successful strategic pivot and consistent performance.