PYMNTS-MonitorEdge-May-2024

Opendoor

FinTech IPO Index Down 3.7% as Tech Stocks Face Continued Carnage  
FinTech IPO Index Down 3.7% as Tech Stocks Face Continued Carnage  
December 22, 2022  |  Investments

The rout that tech stocks faced on Thursday captures all the pressures faced by the FinTech IPO names … and captured them in a nutshell....

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FinTech IPO Index Down 2.7% as Opendoor and Upstart Cut Staff
FinTech IPO Index Down 2.7% as Opendoor and Upstart Cut Staff
November 04, 2022  |  Investments

The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal...

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Opendoor Business Model Flaw Drives Losses on 42% of August Deals
Opendoor Business Model Flaw Drives Losses on 42% of August Deals
September 19, 2022  |  Real Estate

Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to...

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FTC Fines Opendoor $62M for ‘Misleading Claims’ About Home-Buying Service
FTC Fines Opendoor $62M for ‘Misleading Claims’ About Home-Buying Service
August 01, 2022  |  Security & Fraud

The Federal Trade Commission on Monday (Aug. 1) fined online home buying firm Opendoor Labs $62 million, saying it must stop cheating potential home sellers...

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Real Estate Platform Opendoor Launches Mortgage Finance App
Real Estate Platform Opendoor Launches Mortgage Finance App
June 06, 2022  |  Real Estate

Real estate digital platform Opendoor has launched a financing app that the company claims lets consumers get pre-approved for a mortgage in under two minutes....

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FinTech IPO Index Braces for Further Turbulence as Q1 Earnings Season Kicks Off
FinTech IPO Index Braces for Further Turbulence as Q1 Earnings Season Kicks Off
April 15, 2022  |  Investments

At some point, with the FinTech IPO Index down nearly 27% year to date, one wonders where the bottom is. We may still have a...

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Online Home Seller Opendoor To Go Public Via $4.8B SPAC Deal
Online Home Seller Opendoor To Go Public Via $4.8B SPAC Deal
September 15, 2020  |  IPO

Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value...

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Real Estate Startup Opendoor In Talks To Go Public
Real Estate Startup Opendoor In Talks To Go Public
September 13, 2020  |  Partnerships / Acquisitions

Opendoor, a San Francisco-based startup that offers a one-stop-shop for buying and selling real estate, is negotiating to go public with a California blank-check company,...

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Opendoor Trims Employees And Perks
Opendoor Trims Employees And Perks
July 01, 2019  |  eCommerce

Opendoor, the startup that operates an online platform for buying and selling homes, “is reshuffling staff and scaling back on a time-honored startup perk: free...

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