$OPEN President just stepped down. What could this mean? 👀
With Kaz taking on both CEO and president roles, we could see faster decisions, clearer accountability, and a more focused turnaround strategy.
Potentially positive..now execution needs to follow.
It's go time sir! @nejatian
It is difficult to exaggerate the amount of damage done to software by it becoming super easy to spin up a new service.
I wish we could go back to the 2010s and just tell everyone to please stop.
🚨Berkshire is building a housing empire.
$LEN stake: 1.9M → 13.1M shares in 5 quarters.
6.8x.
Then it paid $8.5B for Taylor Morrison.
Combined with Clayton, that's now the 4th largest homebuilding operation in the US.
$LEN has a significant stake in $OPEN btw
🚨 BREAKING NEWS
Opendoor is now offering rates of 4.875% 🤯
Even lower than the new ultra-low incentive rate of 4.99%..
Incredible. UNREAL.
It appears at least 14 homes are involved for now. In 4 different states.
There’s a lot of innovation happening at $OPEN right now. Really really impressive.
@nejatian how did you guys pull this off?! It’s over 250 bps below the current market average..
And besides these are homes at the average price and not cheap homes 😮
Turns out the "experts" were right. In an interesting way.
"Not all that bullish on their prospects as a business case. Tesla's not a car company; they have no expertise in automaking."