No way you are comparing a dinosaur to the new kid on the block. Although there have been some very strong blockbusters. Overall attendance at movie theaters has dropped. While VC, Wall street and retail investors are all flocking to the new shiny toy of "AI powered shit on a plate". Wishing you the best

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The Oracle deal with OpenAI for $300 billion caused the entire market to pump, but OpenAI is burning through VC cash as is. Where the fuck are they going to get the money? Not to mention the power grid can't handle the increased demand and there's been zero proof that the glorified chatbot they're calling "AI" is able to significantly boost corporate productivity. It's absolutely insane.

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OPEN 3 days ago? Trash. Not selling that beforehand took some balls. OPEN now that Rabois is back, right before rates cuts and an American credit extravaganza is about to begin? Very different. Real estate has always been a territoried industry in the US. That makes it extremely fragmented; 1.5 million real estate agents working for 300k+ brokerages. Even counting mega firms with over 20k total agents, there are like ten. No one can consolidate market share, because all these agents and companies are constantly at war with each other. I can see, with a massive amount of tech industry brainpower and a fuckton of VC capital, a path for a company with a radical modernization plan to usurp the industry by taking out most of the human elements. I sure as hell didn't think Opendoor was capable of pulling anything like it off, especially not without the right brains and the aforementioned money. But now, I can kind of see a path, and at the end of the path is a *fuckin donko amount of money*. There's $2T worth of houses sold each year, and you can hog a lot of that pie and keep more of the margin with robo agents.

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~75% of the typical homebuyer demographic is still priced out; rate cuts are gonna keep prices inflating, so they won't help this a whole lot. As of now, Opendoor is still just a much-shitter version of Zillow. They finally figured out they have to use agents to get the groundwork done, and agents don't currently have much incentive to use the platform. But with the massive amount of backing that Rabois is likely to bring with him, OPEN can do the tech growth phase again and afford to lose money in order to gain market share. If they can figure out streamlined AI contract writing, that's cool too, but the main drivers for OPEN's future are gonna be gubment connections and massive amounts of VC capital funding rounds.

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I did what actual people that read can do and looked into the company's financials. It was, and as of now, still looks like a wet dog shit. They dumped over 35% of their inventory last quarter for a 23% gross profit increase, and almost all of that cash is restricted. A good chunk of their inventory (30+%) is sitting stale, which means they're probably shit houses they're gonna lose money on. The *only thing* that gives me faith in this company now going somewhere is Rabois coming back. He's a Silicon Valley VC OG; Stanford Law, Founder's Fund, Kholsa. His husband is the undersecretary for economic growth. Insane amounts of tech money and influence are going to float this turd.

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Even though I made money off of OPEN today, I loathe the fact that this stock went from a moron dipshit meme P&D buy to an actual viable growth route overnight with Rabois and his VC muscle coming back to the board. Now this is probably going to at least $35, and we have to deal with a bunch of smoothbrains considering themselves master trading geniuses because some bots on the internet saying "$OPEN your anoos" was enough for them to full-port into a penny stock and hit the lotto. WSB is solid proof that America is NOT a meritocracy. I like the money, but this feels gross.

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Your practically a VC investor. Miss 98, hit 2 monster homers.

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The CEO doesn't matter, they could have gotten any chucklefuck. Rabois and Wu coming back the board are huge, however. These guys have *massive* VC investor pull and Rabois has direct Administration connections.

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I just enjoy whenever meme stocks blow up, and I kinda want to see the wildest and riskiest VC firm shit to collapse as well.

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Altman is desperate to keep vc money, so he is saying crazy unrealistic things to pretend they are going to control their burn rate.

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