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Stock impact report

Opendoor CEO Admits He Wants to "Ruin the Night"of Short Sellers With This Controversial Move [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Meme traders believe that the company's plans to issue warrants to existing shareholders could lead to a massive short squeeze. This plan and another recent corporate action could lead to serious share dilution. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN) may have delivered underwhelming results when it reported earnings last week, but shares in the real estate iBuyer have surged in price nevertheless. At first, it may be easy to attribute this latest price action to "meme stock mania." Over the past few months, Opendoor has become one of the most popular meme stocks . Yet while the stock is indeed experiencing another wave of "meme mania," there may be much substance to what's driving it. Right after earnings, Opendoor made an announcement that investors perceived to be a possible trigger for a short squeeze . While it's possible that a further run-up occurs, these corporate actions could end up nightmarish, not for the short Show less Read more
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