My additional thoughts on the $OPEN Carrie / CEO situation. First of all, I want to say that probably no single person has done more for @Opendoor than @ericjackson. If you think about it, he's PERSONALLY helped increase Carrie's net worth by something on the order of $18M+ from the lows of $0.50 (given Carrie's ~14M shares at today's price of ~$1.80) In addition, management should 100% acknowledge how much Eric bailed the company out from having to R/S or worry about penny stock status and delisting. THAT SAID, I don't believe trying to oust Carrie is the right thing for the company. I see her currently trying to walk a VERY NARROW tightrope to profitability, growth, and potential 100-bagger status. Honestly, its taken her and the team years to find their balance and if the board pushes her off now, the chances of a new CEO coming in and not falling off into the pit of bankruptcy are low. If Carrie stays and executes, I see us having a >80% chance of coming through to the other side with a real business worth many many times the current value. If a new CEO comes in, I see him / her likely (~50%) remaking the same mistakes honestly both Eric and Carrie did and taking us to $0. Given my enormous position $OPEN, that's not a good risk-reward profile for me (ie. 50% chance of complete capital loss) Yes, I would LOVE for them to partner with an AI-first company and expand their buybox with leading-edge tech. Yes, I would LOVE for Carrie to come out and make more public appearances and leverage retail support (maybe not using the word "harvest" 🌽) But ultimately, I think they FINALLY do see a path with Key Agent and understand that execution will rule the day (as it always does). We should let her cook 👩‍🍳 @adambain @pueokeffer @shrisha @yang_guo @ericjackson @Karp_God @selimf
109.8K
229
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.