Amazon, one of the world's most prominent companies, is a safer stock to own. It doesn't take a rocket scientist to figure that out. But Amazon's massive $2.4 trillion market capitalization also means it has nowhere near the upside potential Opendoor does.

Opendoor (OPEN) has become the latest meme stock phenomenon, surging 350% in the past month and 100% since hedge fund manager Eric Jackson began promoting it on social media as a potential “100-bagger.

Opendoor's flawed business model struggles amid rising mortgage rates and housing downturns. Click here to read an analysis of OPEN stock now.

Opendoor (NASDAQ: OPEN) has taken steps to improve profitability. *Stock prices used were the afternoon prices of July 23, 2025. The video was published on July 25, 2025. Where to invest $1,000 right now?

Riding a fresh wave of meme stock mania, Opendoor Technologies Inc. (NASDAQ: OPEN) stock surged 4.55% in after-hours trading on July 24.

A surge in shares of residential real estate platform Opendoor Technologies has been boosted by the portfolio manager of a small Canada-based hedge fund, Eric Jackson.

Shares of Opendoor Technologies ( OPEN -10.44%) have caught fire in the last month. Driven by investors posting online about buying the penny stock, it is now up 325%, with most of the gains coming in the past week.

The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021.