Retail investors have turned Opendoor Technologies into a meme stock.

In June of this year, Opendoor Technologies ( OPEN 3.99% ) stock was trading at an all-time low of $0.51. But it has staged an eye-popping 1,370% rally since then, fueled by a social media-led frenzy among retail investors, and it trades at $7.50 as I write this.

Unfortunately, there is almost no fundamental basis for Opendoor's staggering increase in value. In fact, its business continues to face significant challenges, which could put a lid on further upside in its stock price, so is it too late for investors to buy?

Opendoor has a very simple business model

Selling a house can be a complicated and stressful process. It typically requires a professional agent who advertises the property and hosts showings f

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