Jason Beck

Stained glass/mixed media artist, Investor, USMC Veteran, CASA advocate, ultramarathon runner and endurance cyclist. All artwork is handmade in N. Illinois.

[Jason Beck @JasonBeck11775]

@ericjackson Thanks for the explanation Eric

[Fahd Ananta @fahdananta]

@ankurnagpal You can sell it to Opendoor…

[Jason Beck @JasonBeck11775]

@weatherchannel Good shot

[Nexus @GMN_watch]

🚨 BREAKING: $OPEN acquisition contracts surge again

🏠 564 contracts this week
📈 +31% WoW
📅 78 contracts same week last year

That’s a 623% YoY increase.

Meanwhile:
• Agent partnerships are scaling
• Seller offers are more competitive
• New products are rolling out weekly
• AI is driving operational efficiency
• Russell 3000 inclusion is just days away

[Eric Jackson @ericjackson]

I think Opendoor could be a $500 stock in the next 5-7 years.

OPEN trades at $4.28 today. Wall Street targets are $2-$20. The architectural-intersection case nobody is pricing: the three-layer tokenization build Kaz Nejatian walked me through at OPEN's Toronto offices, the British Columbia leasehold proof-of-concept that already works at provincial scale, and the four prerequisites — asset-class control, pricing-data depth, vertical integration, operator-class with crypto-native architecture experience — that converge in exactly one publicly-traded operator.

This is the applied case study for the framework piece I published earlier today on tokenization as the fourth capital-markets infrastructure transition.

The math: at conservative probability calibrations, the asymmetric expected value of the position at $4.28 is 25-35x return from current price, against bounded downside at -100%. Same structural pattern as Carvana from single-digits to $487 (~140x), Shopify from $20 IPO to $1,700+ (~85x), Tesla from single-digits to $400 (~200x), NVIDIA from single-digits to $150 (~30x) — what stocks capturing architectural transitions in their industries actually look like.

Why I Think OPEN Could Be A $500 Stock [Long OPEN]

https://t.co/i5XbQmukXo

[NASA @NASA]

Tomorrow, we're announcing the astronauts flying aboard Artemis III, the mission that will test rendezvous and docking capabilities with commercial lunar landers in low Earth orbit.

If you could ask the Artemis III astronauts any question, what would you ask them?

[OPENGOD @Opendoor_God]

When I hear “solar” I think @Tesla.

@nejatian and @elonmusk team up.

$OPEN $TSLA Bring solar to every home.

Excess energy mines $BTC.

This is what we signed up for.

Kaz @nejatian have you heard of the $BTC battery concept from @Melt_Dem?

Meltem, it’d be great if you could talk to @lucmatheson and Kaz about this…

[Brian Armstrong @brian_armstrong]

People still think (or feel) because Bitcoin is down crypto is down.

Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.

Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.

(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)

[Jason Beck @JasonBeck11775]

@ARafayGadit @SuperReturn @ZIGChain

[Kaz Nejatian @nejatian]

I think I said the best way to judge the company is across three management objectives. I said that a few weeks after I took over. Those where 1) can we scale acquisitions 2) can we improve unit economics and resale velocity while reducing aged inventory and 3) can we build operating leverage (i.e. make sure our contribution margin could cover our fixed cost by increasing former and holding latter steady).

on 1) 500%ish YoY, and Q1 2026 was the highest acq since 2022 and double Q4 2025.

on 2) % of homes on the market over 120 Days declined from 51%+ when I took over to ~10% last quarter, over the same period the market went the other direction and went from like 20%ish to 33% ish. Contribution Margin has improved every single month since my first day and March was the highest contribution margin in any quarter for some time. October, November, December, and January cohorts are each selling faster than any corresponding cohort since COVID.

on 3) Fixed opex was down both QoQ and YoY. And trailing 12 moth opex as a % of revenue is steady at 1.3% QoQ and since CM is up we are going in the right direction.

Those are the financial numbers, but also if you look at the people who are coming into Opendoor - they are exceptional and I'd put them up against any tech company. If you look at our shipping velocity, it is higher than it is has been in years (possibly ever?). We went from 35% of the market to 95% market in coverage. Our capital light product went from 0 to a third of our volume. etc. etc.

[Kaz Nejatian @nejatian]

If you are an Opendoor shareholder, I have an ask.

Proxy advisors at ISS and Glass Lewis have recommended shareholders to vote against me at our Annual Meeting. I don’t take this personally. This is the fifth time in my career these same people have told people to vote against my team.

These proxy advisors have built no companies and are not meaningful shareholders of OPEN. They're a checkbox industry charging fees to tell other people what to do with shares that aren't theirs.

Usually most companies can’t do anything about this since many institutional shareholders will just vote the way ISS tells them to.

But Opendoor has the Open Army! It is important that we stand up against this separation of management from shareholders.

If you are so inclined, help tilt the world in favor of shareholders and away from bureaucrats.

Find out how (ask your broker, check your emails) and vote your shares. Our board is excellent. We are back on mission and we are winning.

Don't outsource your vote. Read the proxy. Vote your shares.

[Jason Beck @JasonBeck11775]

@KobeissiLetter

[Jason Beck @JasonBeck11775]

$Open is a $100 stock in the making.

Patience will pay. 💰

[Fahd Ananta @fahdananta]

Today we're launching a new Opendoor app on iOS

You can browse homes, see prices and home details, book a tour in a few taps, and manage everything in one place

Try it out and let me know what else you'd like to see us build into the app

[Jason Beck @JasonBeck11775]

$100 stock in the making.

Looking forward to celebrating the S&P 500 inclusion at some point.

Long $Open

[SpaceX @SpaceX]

The Starship team is go for prop load

[Jason Beck @JasonBeck11775]

@ARafayGadit Send ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 to Valhalla @ARafayGadit.

[Coinbase 🛡️ @coinbase]

Your money. Their rules.

Break the pattern.

[Jason Beck @JasonBeck11775]

$100 stock.

$Open

[Antonio Costa @ACInvestorBlog]

$OPEN Opendoor to Present at JP Morgan's 2026 Global Technology, Media and Communications Conference

[Jason Beck @JasonBeck11775]

@elonmusk Looking forward to watching

[Jason Beck @JasonBeck11775]

@PalmerLuckey Agree! I get, maybe, 2-3 pieces of mail a week that is useful. The other 100 pieces go straight to the trash. Ludicrous.