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Opendoor tanks after earnings as CEO thanks new investors for 'increased visibility'
CNBC· 2025-08-06 07:25
Prior to its recent surge, Opendoor's stock had been mostly abandoned, falling as low as 51 cents in late June. The situation was so dire that the company was considering a reverse split that could lift the price of each share by as much 50 times as a potential way to keep its Nasdaq listing. Opendoor said last week that it's back in compliance and canceled the reverse split proposal. Opendoor's business is centered around using technology to buy and sell homes, pocketing the gains. The company was founded ...