Opendoor’s Stock Skyrockets 1,600% – Wild Meme Rallies, Crypto Twist & Looming Home-Market Crash?
Opendoor shares soared from $0.50 in June 2025 to over $10 by mid-September, then fell to $6.80 on Oct. 22. Former Shopify exec Kaz Nejatian took over as CEO in September, with co-founder Keith Rabois returning as Chairman. The company posted Q2 revenue of $1.6 billion but expects Q3 revenue to drop by about half year-over-year. Opendoor will accept Bitcoin for home purchases.