Скачать или смотреть Why Chamath Palihapitiya Believes Opendoor is 10X Opportunity - $IPOB SPAC Investor Memo

Chamath Palihapitiya and Social Capital are bullish on Opendoor, the e-Buying company that their second special purpose acquisition company (SPAC) $IPOB will take public in Q4 of 2020. In this video, we walk through the investor memo that Chamath shared on his Twitter profile to announce the merits of the deal. We'll also watch parts of his Squawk Box announcement of the pending merger on CNBC to hear it all from the man himself.

Opendoor is the leader in the offers market, wherein a company makes an offer to a homeowner to purchase their house, fixes it up, and sells it to another homebuyer on the market.

Opendoor makes its money from the spread between how much they pay for a house and what they sell it at minus expenses. The market is $1.6 trillion residential real estate market. Opendoor operates in 21 markets, says it sold more than 18,000 homes in 2019. It also provides services, such as a mortgage product, home repair and home warranty that users can purchase.

Opendoor had revenues of $4.7B in 2019. They project revenues of $9.8B by 2023! Opendoor ranked No. 35 on last year’s CNBC Disruptor 50 list.

The Fed said in August that they plan to hold interest rates at near 0% for a long time in encourage economic growth. This is great news for Opendoor who makes its money when it sells homes. The lower interest rates are, the more people will be able to afford in a mortgage to buy their house. That means more customers for Opendoor to flip houses to. It also means more customers for Opendoor to sell mortgages, home repair, and home warranty services to.

Timestamps
Intro 0:00
Chamath's Investor Memo 5:11
Segway to Interview 16:06
Chamath's Announcement on CNBC 16:26
Conclusion 22:09


🧠 Here are more videos on the related knowledge:
Why are SPACs big deals for retail investors?    • SPACs are Greater Opportunity Than You Thi...  
What are stocks?    • What are Stocks? Stocks Explained for Begi...  
What are warrants?    • What is a Stock Warrant? Stock Warrants Ex...  
What are the dangers of SPAC warrants?    • The Dangers of SPAC Warrants Explained - S...  
Asymmetric Risk Explained:    • Asymmetric Risk | The Holy Grail of Investing  
SPACs are a Huge Opportunity:    • SPACs are Greater Opportunity Than You Thi...  
Opportunity Cost Explained:    • Opportunity Cost Explained - Stock Market ...  

Why I'm Investing $18,000 in IPOB + Opendoor SPAC:    • Why I'm Investing $18,000 in IPOB + Opendo...  
Cathie Wood's Ark Invest ETF Bought More $IPOB Opendoor SPAC Shares:    • Cathie Wood's Ark Invest ETF Bought More $...  

☘️ Join our Private Patreon Community:
If you would like to support the channel, get priority answers from me, and help me grow Bull Academy, you can become a patron at http://Patreon.BullAcademy.org
The article for this video:   / 480ad8544762  

💡 Sources:
https://www.opendoor.com/
Chamath's investor memo:   / 1305857946904133632  
The announcement on CNBC: https://www.cnbc.com/amp/2020/09/15/p...
Social Capital's Thesis:   / 1  
Presentation: https://www.opendoor.com/w/wp-content...
Buy homes on Opendoor https://www.opendoor.com/w/homes

-----------------------------------------------------

🤑 Get started investing with a free stock from Robinhood: http://join.robinhood.com/lincold1
🙏🏾 Thanks for watching http://BullAcademy.org
-----------------------------------------------------

DISCLAIMER: This and all of my videos are for entertainment purposes only. My statements are my opinions and should not be accepted as financial advice.