Opendoor CEO Wants to Make the Most of Meme-Stock Moment — Bloomberg (Patrick Clark, 2025)
Summary
A database abstract record for the Bloomberg.com article Opendoor CEO Wants to Make The Most of Meme-Stock Moment, authored by Patrick Clark, listed in Business Source Ultimate with a publication date of 2025 and source Bloomberg.com 2025/08. The abstract states that Opendoor Technologies Inc. has had a stock rally of 460% after years of losses and facing potential delisting, and that Chief Executive Officer Carrie Wheeler aims to reposition the company from home-flipping to offering homeowners diverse selling options. It states that Opendoor reported its first profitable quarter in three years with adjusted earnings of $23 million and anticipates up to $875 million in revenue for the third quarter, and that it introduced a product called Cash Plus.
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Cited in: Opendoor
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“Opendoor CEO Wants to Make the Most of Meme-Stock Moment — Bloomberg (Patrick Clark, 2025).”
Original at www.ebsco.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/opendoor-ceo-wants-to-make-the-most-of-meme-stock-moment-62a59306d770e-a9c57c14ea/
, SHA-256 291192f362ad1dc4fabb451b7aea83fa17015fd01c5731638073577a266ba21e.Full text
JOURNAL ARTICLE Opendoor CEO Wants to Make The Most of Meme-Stock Moment. - Published In : Bloomberg.com, 2025. P. N.PAG 1 of 3 Published In : Bloomberg.com, 2025. P. N.PAG - Database : Business Source Ultimate 2 of 3 Database : Business Source Ultimate - Authored By : Clark, Patrick 3 of 3 Authored By : Clark, Patrick 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 - Copyright Statement : Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) Looking to go deeper into this topic? Look for more articles on EBSCOhost.
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