Datadoor.io

Real-time iBuying & @Opendoor analytics. Biggest Opendoor Discord Community. Why wait 3 months for an earnings call?

[Datadoor.io @DatadoorIO]

If you just discovered $OPEN make sure to join us and 750+ in our Discord community!

This is the town square for crowdsourced iBuying and Opendoor news. Door's open. 🚪

https://t.co/uADavnPeoW

[Datadoor.io @DatadoorIO]

Here are our Q3’2025 estimates ahead of today’s $OPEN earnings call.

https://t.co/V6GL9Iiavw

[Datadoor.io @DatadoorIO]

As always, here are our $OPEN Q3 Estimates for next week's earnings! See you on the Discord.

https://t.co/V6GL9Iiavw

[Datadoor.io @DatadoorIO]

Datadoor Co-Founder, Sebastian on Opendoor’s past and future $OPEN

[Jonathan Stern @jonathanrstern]

🚨 EP 4 - $OPEN HOUSE

Was great to chat with @SebastianSzturo, founder of the world's largest Opendoor investor community (@DatadoorIO). Sebastian is a software engineer and spent nearly 10 yrs at Shopify, so he had some fun Kaz stories to share as well.

(00:28) Datadoor community
(06:05) Sebastian's $OPEN investment history
(07:54) Kaz stories
(11:28) Thoughts on Fahd Ananta
(15:37) Default in-person
(20:00) Layoffs
(25:13) Sebastian's bull thesis
(28:56) Importance of macro + interest rates
(31:44) Ancillary services
(42:30) Should agents get axed?
(44:08) Bear case
(48:56) Stock price and valuation

[Jonathan Stern @jonathanrstern]

🚨 EP 4 - $OPEN HOUSE

Was great to chat with @SebastianSzturo, founder of the world's largest Opendoor investor community (@DatadoorIO). Sebastian is a software engineer and spent nearly 10 yrs at Shopify, so he had some fun Kaz stories to share as well.

(00:28) Datadoor community
(06:05) Sebastian's $OPEN investment history
(07:54) Kaz stories
(11:28) Thoughts on Fahd Ananta
(15:37) Default in-person
(20:00) Layoffs
(25:13) Sebastian's bull thesis
(28:56) Importance of macro + interest rates
(31:44) Ancillary services
(42:30) Should agents get axed?
(44:08) Bear case
(48:56) Stock price and valuation

[Datadoor.io @DatadoorIO]

Great interview with the legendary @gregw134. Don't miss it! $OPEN

[Jonathan Stern @jonathanrstern]

🚨 EP 3 - $OPEN HOUSE

Here's @gregw134 - the man who got this whole movement started with his Wall Street Bets DD post on May 14. Great convo about his thesis 4 months ago vs. how he's thinking about $OPEN today:

(01:04) Greg's current position
(04:02) The impact of Greg's WSB post
(05:39) Not buying houses in the summer!
(07:01) Dropping out of the Russell 2000
(10:54) The Carvana comp
(12:53) "Opendoor 2.0"
(16:15) Money > time
(17:32) Getting rid of agents
(20:27) Greg's idea: TurboTax for real estate
(24:35) The role of AI + expanding the buy box
(28:14) How Greg thinks about valuation

[Datadoor.io @DatadoorIO]

$OPEN Opendoor Chairman @rabois first podcast interview since the leadership change.

[Molly O’Shea @MollySOShea]

How is $OPEN is going to reduce its bloated G&A? This isn't Kaz's first rodeo.

est. 85% headcount reduction
1,400 → 200 employees
align cost structure w/ cyclical business

"The company on a tactical level just has too much of a bloated G&A. It's always had too much of a G&A that was way out of control since 2015.

We need to fix that. There's 1,400 employees. There should be, like, more like 200 or 300 max.

And one of the things he [Kaz] did at Shopify when he got promoted to be COO was cut their G&A as exp- as a fraction of revenue from 14% to 4%. And I think they're on target next year to be at 1%.

So it's even more important for a non-software-based business to have a G&A that's in line with the cost structure that's in line with the cycles that real estate, always goes through."

@nejatian @rabois

[Datadoor.io @DatadoorIO]

$OPEN Opendoor Director and previous CEO Eric Wu acquires 451,127 shares (~$4M)

[Thomas Rice @thomasrice_au]

Hard to overstate how significant this CEO change is for $OPEN, along with Keith Rabois and Eric Wu rejoining the Board.

I was floored when I saw it.

For an early stage company like this, vision and direction is critical -- they shape who you attract and how you execute.

[Sebastian Szturo @SebastianSzturo]

@nejatian Can we get retail investor questions on the next earnings call? Analysts questions have been absolute trash for the lasy 2yrs.

[Datadoor.io @DatadoorIO]

$OPEN New Opendoor CEO compensation details.

TLDR; Kaz will receive base salary of $1 and ~82M shares over the next 5yrs if the stock price reaches all it’s targets up to $33. That is $2.6B+ of compensation at a market cap of ~$24B.

[Datadoor.io @DatadoorIO]

Who is $OPEN's new CEO @nejatian?

Life & Career
• Kaz and his family migrated to Canada from Iran at age 12 where he lived through then Iran-Iraq War.
• Studied commerce at Queen’s University & Law at University of Toronto.
• Co-founded the payments company Kash, which was later sold.
• Spent 2yrs at Facebook building payments products.
• Joined Shopify as VP & GM of Money and eventually became COO in 2022.
• Wrote two books: "A Payment History of the United States: From Bills to Bitcoin" & "Get Married: Why Saying "I Do" Might Save Your Life"
• Co-Owner of the Canadian conservative media outlet True North.

Leadership Style & Philosophy
• Product-first mindset: He often emphasizes building excellent products and ensuring that product work drives value.
• Responsiveness & urgency: During the COVID pandemic, he recalls launching a regulated lending product in the UK in four days because merchants needed it urgently.
• Balancing growth & sustainability: He seems aware of trade-offs between scaling fast and being financially disciplined; profit & cost control matter.
• Speed: He has the rare ability to move fast in regulated or traditionally slow industries (like payments) while keeping quality and compliance in view.

[Tyler Okland, MD @Tyler_Okland_MD]

Alright. I'm interested again.

$OPEN

[Datadoor.io @DatadoorIO]

COO of $SHOP @nejatian , to Lead Company’s Next Chapter as AI-Powered Real Estate Platform $OPEN

@rabois and @EricWu Bring Back Founder DNA to Company with Rabois Appointed Chairman

Khosla Ventures and Wu Investing $40 Million in PIPE Financing!

[Datadoor.io @DatadoorIO]

Welcome to the $OPEN fam 🫡

[Kaz Nejatian @nejatian]

After 6 years at Shopify, I’m joining @Opendoor as CEO. Here is why:

It is incredibly important that we use all of our energy and every modern tool at our disposal to build products that make home ownership easier. We must make the process of buying and selling a home less frictionful so more people do it.

Home ownership isn’t just about a house. It’s about families and communities.

The West has been built on the idea that ordinary people can stake a claim in their society, put down roots, and build a future. Renters move. Owners stay. That matters.
Studies show homeowners vote more, volunteer more, and are more likely to invest in their communities. It’s not sentiment—it’s data. Homeowners report higher life satisfaction and health outcomes. They have higher trust in our institutions and stronger families.

Ownership builds generational stability. Societies with broad-based property ownership are stronger. Alexis de Tocqueville saw it in America 200 years ago. Nothing has changed. Communities full of home owners are better communities. When people own, they maintain. Crime rates fall when ownership rises. Why? Because people guard what’s theirs. They police and take care of their neighborhoods, not out of fear, but pride. Ownership ties individuals to the fate of the community.

Home ownership is about putting down roots. And these roots tie us together and make our world better.

That is why the work to be done at Opendoor is so incredibly important. And that is why I believe we can build not just a successful company, but a generational company—one that empowers the promise of the West to be unlocked in the ways it was always intended. Today, Opendoor is the largest digital platform for residential real estate transactions, making it possible to buy, sell, and move at the tap of a button. We are 1% done along this journey!

My experience at Shopify showed me what happens when you build a platform that unleashes innovation at scale. Shopify gave millions of entrepreneurs the tools to change their lives, their families, and their communities. That platform mindset is what I hope to bring to Opendoor—to build a platform for homeownership, one that unlocks opportunity for millions of families and strengthens the fabric of society.

And that is why I am so incredibly proud that I get to support this team in our mission to use every tool at our disposal to make selling, buying, and owning a home easier.

AI gives us the chance to accelerate this work in ways never before thought possible. From simplifying the process of buying and selling, to unlocking personalized pathways to ownership, AI can help millions of families access homes more efficiently, more affordably, and more transparently than ever before. This is a once-in-a-lifetime opportunity to redefine what’s possible in real estate.

[Datadoor.io @DatadoorIO]

Looks like Opendoor is taking retail investor communications more seriously! Welcomed change $OPEN

[Opendoor @Opendoor]

For those who asked (and even those who didn’t), here’s a new hub for our community.

Think strategy, FAQs, and leadership updates.

Tap in 👉 https://t.co/DD1U0H40Xz
$OPEN

[Datadoor.io @DatadoorIO]

👀 $OPEN

[Investing.com @Investingcom]

*BESSENT SAYS TRUMP MAY DECLARE A NATIONAL HOUSING EMERGENCY THIS FALL TO ADDRESS SOARING PRICES AND SHRINKING SUPPLY

[Datadoor.io @DatadoorIO]

@shrisha Let’s go chief!

[Datadoor.io @DatadoorIO]

Opendoor Interim CEO @shrisha loading up on $OPEN shares at $4.27 🫡

[Brian @BShurt79]

$OPEN Management with skin in the game, let's go! 🙏

[Datadoor.io @DatadoorIO]

Which celebrity should buy the $OPEN dip next?

[Casa Bonita Cards @CasaBonitaCards]

🚨👀Wwwhhhhhhaaaatttt?!? @JohnCena John FREAKIN Cena LLLLFFFGGG💪💪💪$open #opendoorn @ericjackson