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Stock impact report

Is Opendoor Stock Your Ticket to Becoming a Millionaire? [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
The stock rocketed higher after the company brought in a new CEO. With a game plan laid out, investors can watch to see if Opendoor can live up to the new CEO's promises. 10 stocks we like better than Opendoor Technologies › Investing is always a balancing act between risk and reward. The problem, of course, is that if you take too much risk with an investment, you could end up with huge losses. This is the investment situation today with Opendoor Technologies (NASDAQ: OPEN) . A new CEO, a shift in the company's business approach, and a significant rise in the share price indicate that Opendoor is only suitable for the most aggressive investors. Still, could this high-risk stock be your ticket to becoming a millionaire? What does Opendoor do? Opendoor's business model is fairly simple. It buys homes from sellers, fixes them up, and then resells them at a, hopefully, higher price. This is what's known as house flipping, a practice that has been around for a long time. Howeve Show less Read more
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