iBuying company Opendoor Technologies (OPEN) is set to report its third-quarter results today, Nov. 6, after the market closes. This time, the earnings presentation will be livestreamed on the Robinhood app and will include open Q&A sessions for shareholders. This is likely an effort to reach a wider audience, especially for a company that has experienced significant meme hype.
The company is facing an uncertain backdrop. Homebuying has been under pressure due to high interest rates. Despite rate cuts, experts remain skeptical about whether home affordability will improve enough to attract a significant number of buyers. Moreover, Fed Chair Jerome Powell has indicated that further rate cuts are not guaranteed.
