It’s rough for capital-intensive and unprofitable startups right now. Anything associated with the cooling housing market or SPACs is also being marked down. Opendoor Technologies Inc. ticks many of those boxes — yet it might be unfairly maligned.
Founded in 2014, the San Francisco-based company pioneered iBuying, a whizzy name for digitally-enabled home flipping, though it abhors the description.
