We are hurtling towards the end of 2023, with somehow only three weeks left in the year. Most Opendoor investors are likely excited to close the book on a year to forget. The stock is up some 60% since the Q3 earnings call, signifying investors are betting 2024 will be better.
We feel similarly and are anxiously monitoring Opendoor's ramp back up to a $10 B run rate revenue and adjusted net income breakeven.
While 2023 was undoubtedly a down year for Opendoor, I don't think it's too early to look back on the progress that was made. Frankly, these numbers shocked me in review.
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