
Opendoor stock dropped 90% from highs - but CEO insists AI will save everything
Key Points
- Opendoor Technologies lost 90% of its value from peak highs ...
Opendoor Technologies managed to lose 90% of its value from peak highs while somehow convincing investors to pump it up 370% in a single month. That's like watching someone fall off a cliff, then cheering when they bounce twice on the way down.
The company's Q2 earnings served as a reality check that hit harder than a mortgage rejection letter. Weak revenue growth, continued losses, and slashed guidance turned the meme-stock rally into what analysts politely call "renewed skepticism" - which is finance-speak for "maybe this wasn't such a great idea after all."
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