Unexpected Support for Opendoor as Stock Gains Surge

Author: Logan Wright Updated: 08-19-2025 12:42 AM

Unusual Investor Interest for Opendoor Technologies Inc.

Fund manager Eric Jackson, renowned for igniting the remarkable 875% surge of Opendoor Technologies Inc. (NASDAQ: OPEN) in recent weeks, has shared exciting news of unexpected backing from a surprising region—a potential investor allegedly hailing from North Korea.

North Korean Investor Rumored to Join Opendoor

Recently, Jackson posted a message on X, indicating that he received a communication suggesting the involvement of an Opendoor investor from North Korea. This announcement states, "We got our first member from North Korea,” including a screenshot that purportedly confirms the claim.

In this message, the mysterious investor proudly declared, "I’m a $OPEN holder from North Korea," and optimistically added, "let’s go $82, here we come!"—a reference to Jackson's ambitious price target for Opendoor, predicting an astounding increase of over 2,000% from its current valuation. Intrigued, Jackson requested verification, and the investor responded with a selfie taken in front of a recognizable landmark in Pyongyang.

Social Media Reactions Spark Entertainment

Despite the improbable nature of these claims, given North Korea's stringent internet regulations and the impact of U.S. sanctions, the post generated considerable amusement within online communities. Interestingly, a user quickly pointed out that the selfie attributed to the North Korean investor actually belongs to Philippine goalkeeper Neil Etheridge, taken during his visit to the country back in 2015.

Opendoor's Stock Rallies Amid Management Changes

The stock performance of Opendoor has been particularly robust lately, with shares increasing by 19.24% on a recent Monday, reaching a closing price of $3.78. This rally followed a 7% increase the previous Friday, coinciding with the announcement from the company’s CEO, Carrie Wheeler, that she would be stepping down due to escalating pressure from Jackson and other retail investors.

Overall, the stock has displayed over a 58% boost in just five days, attracting attention from notable investors. Prominent podcast host and investor Anthony Pompliano declared his interest in the company, stating, "I have personally purchased shares in $OPEN today. I believe retail investors are integral to the growth and evolution of financial markets."

Positive Market Momentum Continues

Opendoor is currently gaining accolades for its dynamic stock rankings, correlated with favorable trends in momentum and value across short, medium, and long-term assessments. Its recent performance signals a promising trajectory, potentially enlightening investors about its future in the real estate technology landscape.

Frequently Asked Questions

What prompted Eric Jackson's latest announcement regarding Opendoor?

Jackson shared unexpected news about a purported investor from North Korea supporting Opendoor, igniting interest and speculation.

How has Opendoor's stock reacted recently?

The shares of Opendoor have seen significant gains, with a notable increase of over 58% in just five days, largely due to management changes and investor activity.

Who is backing Opendoor?

Eric Jackson, a fund manager, has prominently supported Opendoor, along with high-profile investors like Anthony Pompliano, fueling its recent stock rise.

What does the future look like for Opendoor Technologies Inc.?

With ongoing management changes and increasing investor interest, the outlook appears positive as the company navigates current market dynamics.

What’s the significance of the alleged North Korean investor?

This claim points to the global reach and interest in Opendoor, despite the questionable authenticity of the investor’s identity.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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