Opendoor’s Bold Gambit Backfires as Shares Plunge

In a dramatic attempt to counter short sellers, Opendoor has unleashed a complex financial maneuver that appears to be having the opposite effect. Rather than triggering the anticipated short squeeze, the market has responded with alarm to the company’s latest capital structure changes. As new warrants flood the trading landscape, investors face a critical question: is this a strategic masterstroke or the beginning of significant shareholder dilution?

The company’s shares experienced a devastating trading session yesterday, plummeting over 13% to close at $6.15. This decline breached crucial technical support levels while trading volume exploded to more than 110 million shares—clear evidence of intense speculative activity.

CEO Kasra Nejatian is Read more...