Opendoor Deal Doubles Down on iBuying Frenzy

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Just when you thought the tech bubble couldn’t get stretched any thinner, investors started handing over blank checks. Now, amid a pandemic it seems those checks will fund a big bet on automated home buying—site physically unseen.

Venture capitalist Chamath Palihapitiya, who previously invested in Slack and Box, is now wagering on home-flipping…

Source: https://www.wsj.com/articles/opendoor-deal-doubles-down-on-ibuying-frenzy-11600215341

Opendoor

Actu monde – US – Opendoor Deal Doubles Down on iBuying Frenzy