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1 min read

Proptech firm Opendoor lays off 550 employees amid challenging market

Proptech platform Opendoor has laid off nearly 550 employees, or 18 percent of its workforce, as th…

Business Insider Latest Story Image
3 mins read

The quant who left Citadel for Opendoor

Meet Daniel Morillo, the quant trader who ditched a lucrative career on Wall Street to be the CIO a…

Aaron Weinman   


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4 mins read

We're Opendoor execs who took paternity leave. It didn't just improve our personal lives it made us better leaders.

CTO Ian Wong and VP of engineering Mark Kinsella say leading by example sends a message that employ…

Ian Wong and Mark Kinsella   


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3 mins read

Chamath Palihapitiya's 4 blockbuster SPAC mergers have tumbled 32% this year as investors ditch flashy growth stocks

Clover Health has plunged 76% in 2021, and Virgin Galactic is down 36%, in a tough year for billion…

Harry Robertson   


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4 mins read

3 signs you may be able to snag your dream home at a lower price, according to Opendoor's head of real estate

Kerry Melcher suggests keeping an eye on newer listings with a better price per square foot as well…

Kerry Melcher   


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2 mins read

Opendoor says it will cut 550 employees as the $1.5 billion home-flipping company struggles to turn a profit

The firm is coping with a cool housing market by slashing prices, offering concessions to homebuyer…

Daniel Geiger   


Alex Nicoll,Robert Davis   


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2 mins read

The FTC just slapped Opendoor with a $62 million fine for 'misleading' customers about the true costs of its home-buying business

The FTC says that Opendoor told customers they would make more money by selling to it instead of to…

Alex Nicoll   


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1 min read

Social Capital SPAC surges 25% after it confirms tie-up with Opendoor, Chamath Palihapitiya calls it his 'next big 10x idea'

"This is my next big 10x idea," Social Capital CEO Chamath Palihapitiya said in a tweet about the d…

Matthew Fox   


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2 mins read

Social Capital SPAC led by billionaire investor Chamath Palihapitiya in advanced talks to merge with Opendoor, report says

Opendoor, a San Francisco-based firm, directly buys homes from sellers, makes minor repairs, and th…

Matthew Fox   


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2 mins read

SoftBank-backed iBuyer Opendoor just slashed 35% of staff after the coronavirus forced the startup to halt its home-flipping operations

"Given the shelter-in-place guidelines, we've seen declines in the number of people buying, selling…

Alex Nicoll   


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3 mins read

Opendoor and Lime-backer Fifth Wall just raised $500 million in new funding to invest in real estate tech

Proptech encompasses a diverse range of businesses that marry real estate and tech, including so-ca…

Alex Nicoll   


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4 mins read

I'm the chief people officer at Opendoor and a mother. Here are the 5 questions I'm asking parents at my company to support them through remote work.

"How are you doing balancing work with additional at-home responsibilities?" is one important quest…

Erica Galos Alioto   


Alex Nicoll   


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4 mins read

Starbucks' new open-door bathroom policy signals a dramatic shift in American middle-class values

Starbucks' response speaks to the often-competing desires of the American middle class. The coffee …

Kate Taylor   


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2 mins read

Merkel is shutting the door on Germany's 'open-door' refugee policy

Deutsche Bank highlighted in a report to clients how each country takes in a vastly different propo…

Lianna Brinded,Reuters   


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4 mins read

I make $140,000 working in plumbing. The trades allow me to support my family in an expensive city.

Joseph Ahrens became a plumber after watching his brother buy a house and a truck in his 20s. Now h…

Elle Hardy   


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2 mins read

CEOs admit their company culture sucks

In a recent survey, 52% of CEOs said their workplace culture was toxic, notably higher than the num…

Tim Paradis   


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2 mins read

Why fall and winter are the new hot seasons for buying a house

Buyers are placing less emphasis on timing their purchases as higher housing costs drive them to ac…

Alcynna Lloyd