Social Capital is a "blank check" company, or a SPAC, that has been on the hunt for a technology company to acquire since it began trading in April. The SPAC is led by billionaire investor Chamath Palihapitiya.
Opendoor operates a business akin to Zillow's relatively new homebuying program. The San Francisco-based firm directly buys homes from sellers, makes minor repairs to the homes, and then resells them for a profit.A major fund manager explains the rationale behind Berkshire Hathaway's $570 million investment in Snowflake's IPO — and outlines why it's a good sign for shareholders
In its latest funding round in 2019, Opendoor was valued at $3.8 billion. According to Bloomberg, Opendoor would be valued around $5 billion in a deal with Social Capital.
You see lots of companies already doing what Opendoor does, but it seems most low-ball to the point where the seller would be much better off selling through a realtor. If Opendoor can make better offers using technology and scale, then they will dominate and grow the market.👍
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Tenet' to play at Los Angeles drive-ins after mediocre opening - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Already saw Tenet online. Ending is insane.... You find out Bruce Wayne is Batman.... It's crap, save your time
Source: BusinessInsider - 🏆 729. / 51 Read more »
Meet Business Insider's 10 execs transforming the advertising and media industries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's top advertising and media stories for September 10 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook Campus launches as a college-only social network - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. WTF Facebook , back to basics as everyone leaves your garbage platform
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Ty Stiklorius (John Legend’s Manager) And Her Company Are Changing The World For The BetterTy Stiklorius represents artists and changemakers, helping them reach their creative, business, and social impact goals.
Source: ForbesWomen - 🏆 477. / 51 Read more »
Black small business owners face longer economic recovery, survey shows - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »