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Opendoor Technologies Stock Declines Amid Meme Stock Volatility
Opendoor Technologies Stock Declines Amid Meme Stock Volatility
15
3
BTCCSquare news:
Opendoor Technologies (OPEN) shares fell over 12% as meme stock momentum waned. The decline followed hedge fund manager Eric Jackson's shift in focus to Better Home & Finance (BETR), which surged 47% after his endorsement. Trading volume in BETR spiked to 7 million shares, diverting attention from Opendoor.
Separately, a $4.2 billion acquisition by real estate brokerage Compass signaled intensified competition in the housing market. While not a direct competitor, Compass's expansion challenges Opendoor's disruptive model for real estate transactions. The sector's rapid evolution underscores persistent risks for tech-driven housing platforms.
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