Opendoor’s Profitability Puzzle | Business and Finance News

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Recorded19 Aug 2026

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Opendoor’s once-hot stock has crashed from $10 to $3.50 as the housing market freezes, forcing new CEO Kaz Nejatian to slash costs and refocus on efficiency—down to $5M in marketing for nearly 7K home acquisitions, down from $81M two years ago. While they’re speeding up sales and cutting inventory time, losses keep piling up: $162M last quarter, with no profit ever achieved. With interest rates rising and demographics shifting, analysts warn investors to avoid this risky bet on a recovery that’s far from guaranteed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ed4ca0d028413515

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