BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Opendoor Technologies Stock Volatility Highlights Meme Stock Dynamics
Opendoor Technologies Stock Volatility Highlights Meme Stock Dynamics
11
1
BTCCSquare news:
Opendoor Technologies (OPEN) experienced extreme volatility this week, with shares surging 80% on a CEO appointment before crashing 15.4% the following day. Co-founder Keith Rabois fueled the selloff by criticizing remote work policies and announcing impending layoffs during a CNBC interview. "The culture was broken," Rabois declared, pledging to return the online real estate platform to its in-office roots.
The stock's 1,300% three-month rally has drawn retail investor attention, though Rabois denies meme stock status. This rollercoaster underscores the growing influence of retail traders in equity markets, a trend mirrored in cryptocurrency markets where community-driven assets frequently see similar volatility patterns.
By:
