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businessinsider.com

SoftBank-backed 'iBuyer' Opendoor just slashed 35% of its staff after the coronavirus forced the startup to halt its home-flipping operations

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What this article backs

• Covid 19 Pandemic ⚡ Opendoor
• Ibuyer Competition ↓ Transaction Volume

• Covid 19 Pandemic triggers Opendoor.
• Ibuyer Competition decreases Transaction Volume.

In its own words

the coronavirus forced the startup to halt its home-flipping operations

coronavirus forced the startup to halt its home-flipping operations

Corroborated by

• G

  Flip Flop: Why Zillow’s Algorithmic Home Buying Venture Imploded

  gsb.stanford.edu · Dec 9, 2021 Standard

  Backs 2 claims

  • Zillow ↑ Ibuyer Competition
  • Ibuyer Competition ↓ Transaction Volume

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