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What's Next for Opendoor? $39M Settlement, Investor Concerns, And Margin Pressure
OpendoorOpendoor(US:OPEN) Benzinga·2025-11-05 20:32

Opendoor Technologies (NASDAQ:OPEN), a leader in the iBuyer space, is facing heightened scrutiny after agreeing to a $39 million settlement to resolve a federal investor class action lawsuit on June 16, 2025. Plaintiffs alleged that Opendoor misrepresented the sophistication and reliability of its home-pricing algorithms, "overselling" the automation edge while operational reality leaned more heavily on manual intervention. The suit gained traction as Opendoor's share price collapsed approximately 94% from ...