CEO Marco Fregenal says company will use proceeds to “invest in sales and marketing initiatives, pursue strategic opportunities that enhance our platform and support ongoing operations.” Continue reading
Opendoor managed to increase its revenue and cut its losses in a reassuring sign for investors just a few months after the iBuyer was at risk of being delisted from the stock market. However, the company also said it expects lower acquisition and resa… Continue reading
Revenue was up 21.1 percent year over year to $2.06 billion, marking a new all-time high for the brokerage. Transactions were also up 20.9 percent year over year, even as transactions in the market overall dropped by 0.9 percent. Continue reading