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Social Capital SPAC surges 25% after it confirms tie-up with Opendoor - Business Insider

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Social Capital SPAC surges 25% after it confirms tie-up with Opendoor, Chamath Palihapitiya calls it his 'next big 10x idea'

, a SPAC led by billionaire investor Chamath Palihapitiya, both parties confirmed the tie-up today.

Opendoor is a property technology company that directly buys homes from sellers, makes improvements to the homes, and then resells them. Shares of Social Capital Hedosophia Corp. II surged as much as 25% to $16.36 in Tuesday morning trades.A Wall Street expert breaks down why 3 smaller retailers are poised for gains amid a down economy — and says they're the best stock-market alternatives to behemoths like Costco and Target

 

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Anyone else think Chamath is a tool?

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