Opendoor Turnaround Gains Traction As New Model Draws Buyers And Institutions
Opendoor Technologies is showing early signs of an operational turnaround under new CEO Kaz Nejatian, with weekly home purchases increasing fivefold due to a new "cash now, more later" seller incentive model. Large institutional investors like Morgan Stanley and Jane Street Group have significantly raised their stakes in the company, highlighting a shift in investor confidence. While the company remains loss-making and has diluted shareholders, the increased transaction activity and institutional backing suggest operational strategies are starting to influence the company's narrative beyond broader market sentiment.
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