“I guess it’s good to be hated.” That was Opendoor CEO Eric Wu’s riposte to a question from Recode’s Kara Swisher about what real estate agents think of him. Opendoor is perhaps the startup most synonymous with iBuying, a practice that allows sellers to rapidly unload their homes online to companies that hope to make a profit off of reselling those homes. It’s a business that requires heaps of capital and has thin margins, but
source https://therealdeal.com/la/2019/10/11/ibuying-startup-opendoor-not-looking-to-replace-all-agents-just-some-ceo/
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