Newsfeed: Home Robo-Flipper Opendoor “In Danger Zone” After Losing Money On 42% Of All Transactions
Last November, housing consultancy firm Zillow lobbed the first warning shot that the housing bubble had burst, when it shocked markets by firing 25% of its workforce, and announcing it had scrapped its robo-flipping program after losing hundreds of millions by allowing robots to buy and sell homes.