1. George Noble criticized Opendoor's viability on social media. 2. Opendoor's stock rose 640% since late June despite losses. 3. Noble pointed out poor unit economics undermine profitability. 4. Stock has seen a recent decline following bullish rally. 5. Critics call Opendoor an 'obvious short' investment.
Noble's criticisms highlight fundamental concerns that may deter investors, reflecting past patterns seen in similar companies facing profitability issues.
The article features a well-known investor's severe criticism, which could influence market perception and stock performance.
The immediate negative sentiment from high-profile investors could lead to quick selling, as seen with other stocks criticized publicly, leading to rapid price adjustments.