Opendoor shares drop following critical J Capital report

Opendoor shares fell after J Capital Research released a critical report questioning its business model and profitability. The report expressed skepticism about Opendoor's "Opendoor 2.0" strategy, which aims for faster inventory turnover and AI integration, noting historical losses despite recent gains. J Capital highlighted concerns about the unproven model in a weak housing market, potential margin pressure, and Opendoor's losses even in stagnant markets due to additional costs.