Is Opendoor Technologies Stock Your Ticket to Becoming a Millionaire?

Opendoor Technologies (NASDAQ: OPEN) is poised for a new era. If the business changes proposed by the company's new CEO are successful, it could be a very profitable venture. If the new direction fails, Opendoor will likely struggle to remain a going concern. The binary outcome here is fraught with risk.Opendoor went public through a merger with a special purpose acquisition corporation (SPAC) in 2020. The company basically flips homes, something that has largely been the purview of small, local investors. The idea is to purchase homes at a low price, renovate them, and sell them at a higher price.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool