OK folks, time for a reminder of why you buy and hold. Or even add to your position on dips. If you know what you own it's easy to weather the fear and uncertainty. The first ⬇️ chart is where stock is accumulated. Build your position on the dips. The second ⬇️ is where generational wealth is earned. I say earned because it's not easy having those huge drawdowns. If you built a big position on chart 1, the drawdowns on chart 2 are hundreds of thousands of dollars. 😱 Staying the course is tough. Takes some balls to not panic. If you make it to the far right you've definitely earned it! Even if you bought pre-Kaz, $OPEN is still in chart 1 accumulation stage. The next 3 months are a gift.

Most companies send out coupons. We at @Opendoor send out American made American flags.

NBA finals is lit! $Opendoor is in the spotlight!! This must be their new spokeswoman.

How it started. How it's going.

Opendoor CEO announces shutdown of operations in India: "Our customers are in America, and that's where our operational work belongs." notthebee.com/t8795

We're hiring AI native, founder-energy engineers in Miami. If you are interested in tilting the world in favor of homeowners, my DMs are open.

June 9. Mark it. George Noble nailed the bottom exactly. $4.08. $OPEN will never be lower again. Great job Cramer! I mean George!! 😂

I want to have coffee and learn with the best product managers and founders in Toronto We can talk about building, intensity, challenges, decision making, etc. This Wed 3-5p. Send me an email fahd@opendoor.com so I can have my guy (Claude) coordinate it

Come work with me on a core part of our growth funnel.

We have an excellent PM position at Opendoor on our Onboarding product, in Toronto or Miami. This really requires at least a couple of years of Product experience ideally with Data or Growth background. My DMs are open.

BestTweets82 Ross is jerking off to 2022 trauma porn. Old Opendoor was a slow, overconfident house-flipper that got ass-raped when rates spiked and their shitty forecasts blew up. Kaz took over ~3 quarters ago, torched the consultants, dragged it back in-office, and is rebuilding as AI/velocity/software play (Opendoor 2.0). Not a fraud — Shopify COO with Rabois backing. Still bleeding, housing market’s a cockblock, and it could die. But calling it doomed already is lazy cope. Execution decides if it’s Carvana 2 or roadkill. $OPEN

Great day!

Just recorded and posted an 18-minute X Subscriber only video on my meeting yesterday with Opendoor CEO Kaz Nejatian and President Lucas Matheson. It’s uploading now. This goes quite a bit deeper than the walk-and-talk video I posted this morning. Topics include: • 4.99% financing rolling to 40 states by September • AI-driven efficiency gains • New ancillary service opportunities • Tokenization and the future of housing finance • Potential partnership opportunities • Why billion-dollar companies often fail when trying to build trillion-dollar businesses I spent about an hour with Kaz and Lucas yesterday at Opendoor’s Toronto office and came away even more excited about where the company is headed. If you’d like to watch it, feel free to subscribe. The video should be live shortly.

I think I said the best way to judge the company is across three management objectives. I said that a few weeks after I took over. Those where 1) can we scale acquisitions 2) can we improve unit economics and resale velocity while reducing aged inventory and 3) can we build operating leverage (i.e. make sure our contribution margin could cover our fixed cost by increasing former and holding latter steady). on 1) 500%ish YoY, and Q1 2026 was the highest acq since 2022 and double Q4 2025. on 2) % of homes on the market over 120 Days declined from 51% when I took over to ~10% last quarter, over the same period the market went the other direction and went from like 20%ish to 33% ish. Contribution Margin has improved every single month since my first day and March was the highest contribution margin in any quarter for some time. October, November, December, and January cohorts are each selling faster than any corresponding cohort since COVID. on 3) Fixed opex was down both QoQ and YoY. And trailing 12 moth opex as a % of revenue is steady at 1.3% QoQ and since CM is up we are going in the right direction. Those are the financial numbers, but also if you look at the people who are coming into Opendoor - they are exceptional and I'd put them up against any tech company. If you look at our shipping velocity, it is higher than it is has been in years (possibly ever?). We went from 35% of the market to 95% market in coverage. Our capital light product went from 0 to a third of our volume. etc. etc.

If you are an Opendoor shareholder, I have an ask. Proxy advisors at ISS and Glass Lewis have recommended shareholders to vote against me at our Annual Meeting. I don’t take this personally. This is the fifth time in my career these same people have told people to vote against my team. These proxy advisors have built no companies and are not meaningful shareholders of OPEN. They're a checkbox industry charging fees to tell other people what to do with shares that aren't theirs. Usually most companies can’t do anything about this since many institutional shareholders will just vote the way ISS tells them to. But Opendoor has the Open Army! It is important that we stand up against this separation of management from shareholders. If you are so inclined, help tilt the world in favor of shareholders and away from bureaucrats. Find out how (ask your broker, check your emails) and vote your shares. Our board is excellent. We are back on mission and we are winning. Don't outsource your vote. Read the proxy. Vote your shares.

There's no more accurate a metaphor for the West than slowly bleeding to death by the hand of barbarians while corrupt authorities tie our hands behind our back.

Personal update: I’m back at @Opendoor I’d been exploring a new venture, but a catch up call with @chintanparikh94, reconnecting with OGs like @yang_guo, and seeing Opendoor 2.0 made it obvious I had to come back. The hype around @nejatian is real. He’s locked in and has a pulse on everything. I can DM him a critique or half-baked idea and get a thoughtful response quickly. As he likes to say: “Never hold back. I just work here man.” Residential real estate is one of the hardest problems out there, and this team’s going to win.

It's happened. After 90 days on the market and multiple price cuts, we're taking our listing off the market and selling it to @Opendoor. Our agent will submit it via the agent referral program, so he still gets compensated for his hard work over the past few months. Opendoor has proven they can provide a fair offer, close quickly, and benefit everyone involved in the transaction. Long $OPEN

Make every day count.

The world’s tiniest family office, Roach Capital, has acquired an additional $500K worth of $OPEN Lots to do, back to work 🫡

Another one