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SAN FRANCISCO, July 28, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor” or the “Company”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it intends to convene and then adjourn the Special Meeting of Stockholders (the “Special Meeting”) scheduled to occur at 9:30 a.m. Pacific Time, on Monday, July 28, 2025 until August 27, 2025. No other business will be conducted at the Special Meeting.
There's a new investing trend out there. Well, perhaps "newish" is the best way to put it, because to my eyes this is just a recycling of the meme stock fad that swept through the markets four years ago.
Retail-driven meme stock mania is back, echoing 2021's irrational exuberance, with surges in fundamentally weak, heavily shorted stocks. Market leadership is shifting from the "Magnificent 7" to the "Fabulous 5" AI giants, driven by proprietary technology and AI infrastructure advantages. Despite market optimism, I remain concerned about persistent tariffs, which threaten corporate margins and are largely ignored by investors.
Opendoor (OPEN 4.34%) has taken steps to improve profitability.
Wall Street thought struggling real estate e-commerce company Opendoor Technologies (OPEN 4.96%) was down and out. Suddenly, the stock has surged over 500% in less than a month.
Meme traders are back and doing donuts in the stock market. What does it all mean?
Opendoor Technologies (OPEN -2.27%) stock is turning into a highly popular investment among retail investors.
FOMO — or "fear of missing out" — is fueling a fresh wave of meme stock mania, analysts say, with Opendoor Technologies Inc. OPEN leading the charge.
The DORK stocks (DNUT, OPEN, RKT, KSS) are surging due to high short interest, low float, and a resurgence of retail-driven speculation. Unlike 2021's meme stock mania, this wave lacks a unifying mission—it's pure speculation driven by FOMO and social media hype, making it riskier. Fundamentals are irrelevant here; these stocks are moving on sentiment and momentum, not business performance or value.
Opendoor (OPEN) stock has surged since a viral post claimed the stock could hit $82. EMJ Capital founder and president Eric Jackson, who posted the viral thread, joins Market Catalysts to explain why he's betting on a turnaround.