In the iBuying Hunger Games, Opendoor Technologies is winning just by virtue of survival. But when the risks are this high, investors should want the rewards to look a lot more appealing.
Following the home-flipping flop of Zillow Group , one can choose to look at the iBuying industry as a runaway victory for Opendoor, which now owns a disproportionately large chunk of the Monopoly board, or a spectacular failure waiting to happen. Investors seem more disposed to the former view, sending shares of Opendoor up 15% after hours following its third-quarter financial results.
