Jim Cramer on Opendoor Technologies: “I’m Not a Believer Until It Makes Money”

“Well, you cognize what… here’s the problem. The banal is precocious fixed the information that the institution makes nary money. I’m not a believer until it makes money. That’s conscionable however I am. I emotion your enthusiasm, but it’s not making money.”

Photo by Adam Nowakowski connected Unsplash

Opendoor Technologies Inc. (NASDAQ:OPEN) runs a integer level that lets radical bargain and merchantability homes directly, database their homes, oregon link with buyers done its marketplace. When a caller asked astir the institution during the lightning circular of the August 28 episode, Cramer commented:

“You know, I’ve gotta archer you, this is simply a meme stock. The idiosyncratic who was, who near the company, the CEO, was a consecutive shooter. And I don’t truly recognize what happened, but I’ll archer you this: I americium not going to leap connected a concern that I thought was heavily, that immoderate would accidental was manipulative, okay? Some would say. I’m not going to leap connected that train.”

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