This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What happened Shares of ThredUP (NASDAQ: TDUP) popped today after the clothing resale specialist posted better-than-expected results in its second-quarter earnings report even as growth remains slow and the company is unprofitable. The stock closed up 26.1% on the news. So what Revenue rose 8% to $82.7 Active buyers were down 0.8%
Its growth accelerated in 2021 as the housing market recovered but slowed again in 2022 and 2023 as inflation and rising interest rates drove away potential buyers and sellers. Metric 2020 2021 2022 9M 2023 Revenue $2.6 billion $8.0 billion $15.6 billion $6.1 AI isn't a magic bullet that will solve all of Opendoor's recent problems.
Cathie Wood is the head of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technology companies. Demand is softening across the EV industry right now as consumers opt for cheaper gas-powered cars amid tough economic conditions headlined by high interest rates.
Etsy: 93% implied upside Etsy runs multiple online marketplaces, including Depop for fashion resale and Reverb for musical instruments. However, certain Wall Street analysts believe the stocks are significantly oversold, creating a buying opportunity for investors. Let's take a closer look at these two undervalued growth stocks.
That was the result of an overdone push into electric vehicles, whose resale values have plummeted, as well as its purchases of gas-powered vehicles a few years ago when their prices were soaring due to supply-chain-related shortages. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,465 !*
Opendoor's struggles won't end until the housing market improves Opendoor operates an iBuying business, which means it buys properties for resale on its website and provides a digital marketplace for homes. Right now, your money could be invested more effectively elsewhere. Should you invest $1,000 in Opendoor Technologies right now?
It makes quick offers on homes without the need for staging and open houses, which benefits sellers, and it makes the necessary home improvements to have homes ready for resale, which benefits buyers. That is likely to happen at some point, and it will benefit when the Federal Reserve begins its interest rate cuts. billion last year.
Real estate is one industry that has been hurt severely by high interest rates. High mortgage rates mean homeowners aren't looking for new digs, which means fewer houses on the resale market. Opendoor was growing well before the real estate industry got slammed, and it should get back there when things start improving.
Revenue inched up 0.8%, helped by higher fees, but adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and net income both declined. Should you invest $1,000 in Etsy right now? if you invested $1,000 at the time of our recommendation, you’d have $544,015 !*
In this podcast, Motley Fool Chief Investment Officer Andy Cross and senior analysts Jason Moser and Ron Gross discuss: Revised first-quarter GDP data. Nike earnings coming in a bit light. To get started investing, check out our quick-start guide to investing in stocks. Two stocks on their radar: Amazon and Winmark.
Where to invest $1,000 right now? By relying on artificial intelligence (AI) and machine learning to find attractive values and price them for resale, and operating an online marketplace, Opendoor thinks it can improve the process and offer a better product. Either way, it's a huge risk, but at that price, there's not so much to lose.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content