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.👍
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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