Disclosure
Eric Jackson is a director of Silvia, Inc., where Anthony Pompliano is Chairman and CEO. Jackson chairs the board's Compensation Committee, according to Silvia's investor site. He mentions the board seat on the episode quoted below.
The short answer: Opendoor (Nasdaq: OPEN) is an online home-buying company that buys houses directly from sellers for cash and resells them. It is based in Tempe, Arizona, and is run by CEO Kaz Nejatian, a former Shopify executive. The stock became a retail favorite in 2025 after hedge fund manager Eric Jackson of EMJ Capital started promoting it.
A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 24, 2026.
Key takeaways
Opendoor is a Tempe, Arizona online home-buying company that buys homes from sellers for cash and resells them.
Kaz Nejatian became CEO in September 2025, and co-founder Keith Rabois is chairman.
It reported a $162 million net loss on $883 million of revenue in the second quarter of 2026.
What is Opendoor?
Opendoor lets homeowners sell their property online for cash instead of going through a long listing and bidding process, as CNBC describes it. The company then resells the homes. Opendoor went public through a SPAC in late 2020. It is based in Tempe, Arizona, according to its company profile.
How is Opendoor doing?
In its second quarter of 2026, Opendoor reported:
Revenue of $883 million, down from $1.567 billion a year earlier.
A net loss of $162 million.
4,378 homes purchased and 2,339 homes sold, ending the quarter with 5,459 homes in inventory.
Opendoor bought far more homes than it sold in the quarter, which grows inventory ahead of future sales. Its market value was about $1.92 billion at the October 23, 2026 close, according to StockAnalysis.
Who runs Opendoor?
On September 10, 2025, Opendoor named Kaz Nejatian, formerly COO of Shopify, as CEO. Co-founders Keith Rabois and Eric Wu rejoined the board at the same time, with Rabois as chairman.
What is Eric Jackson's connection to Opendoor?
In July 2025, Jackson wrote on X that his firm, EMJ Capital, had a position in Opendoor and that it "could be a 100-bagger," CNBC reported. He set a target of $82 a share. Opendoor shares rose 189% that week, and even after that jump they closed at $2.25. For more on his firm, see What Is EMJ Capital?.
What did The Pomp Podcast say about Opendoor?
Jackson talked about Opendoor with Pomp on the October 15, 2026 episode, "How to Find the Next 10x Stock Before Everyone Else | Eric Jackson". Pomp opened by noting that most people point to Opendoor and GameStop as examples of how retail investors have changed public markets. Quotes below are from the episode, with timestamps.
Looking back on the 2025 rally, Jackson said:
"I got in like in the 70 cent range to like 11 bucks almost"
He said the run peaked around September 2025. He argued that Opendoor will be shown to have been unfairly punished when people look back in a year or more, and that rising 10-year Treasury yields hurt the stock at the time. That is his view, not a forecast from this site.
Jackson also said his 17-year-old son came up with the idea for one of his Opendoor campaign videos: standing outside Drake's house to reach people who don't watch financial TV.
Every Pomp Podcast episode that discussed Opendoor
Opendoor came up in 1 recent episode of The Pomp Podcast. Each link opens the YouTube video at that moment.
Oct 15, 2026: How to Find the Next 10x Stock Before Everyone Else | Eric Jackson. Jackson looked back on his Opendoor campaign and why he still believes in the company. Timestamps: 0:26 (Opendoor and GameStop as retail examples), 16:40 (the Opendoor trade), 17:51 ("unfairly punished"), 18:58 (the Drake house video).
Watch or listen to the episode
How to Find the Next 10x Stock Before Everyone Else | Eric Jackson, released October 15, 2026. Opendoor comes up at 16:40.
Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.
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Disclosure: Anthony Pompliano is Chairman and CEO of Silvia, Inc. For educational purposes only; not financial advice.
Where can I follow Opendoor?
Opendoor posts quarterly results on its investor site.
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Frequently asked questions
What is Opendoor?
Opendoor is an online home-buying company based in Tempe, Arizona. It buys homes directly from sellers for cash and resells them.
Who is the CEO of Opendoor?
Kaz Nejatian, the former COO of Shopify, became Opendoor's CEO in September 2025. Co-founder Keith Rabois is chairman.
Is Opendoor profitable?
No. Opendoor reported a net loss of $162 million on revenue of $883 million in the second quarter of 2026.
Why did Opendoor stock surge in 2025?
Shares jumped 189% in one week in July 2025 after hedge fund manager Eric Jackson of EMJ Capital began promoting the stock on X, CNBC reported.
What did Eric Jackson say about Opendoor on The Pomp Podcast?
On October 15, 2026, Jackson said he bought in around 70 cents and rode the stock to almost $11, and argued the company will be proven to have been unfairly punished.
Sources
Last updated: October 24, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
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This profile is for informational purposes only and reflects reporting available as of October 24, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.
