Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’

Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’


Key Points
  • After a massive rally in July and early August, Opendoor hit a snag on Tuesday with a disappointing outlook.
  • CEO Carrie Wheeler thanked new investors on the earnings call, and said “We appreciate your enthusiasm for what we’re building, and we’re listening intently to your feedback.”
  • The company said it expects to face a challenging macro environment for the rest of the year and that it’s reducing marketing spending.



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