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Citron Research
Crypto Newbie
09-05 23:23
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Citron will continue to update the market on $LDI and its upward trajectory…but in the meantime, let's get back to basics. Unlike $LDI, which is undervalued and offers multiple ways to profit, $OPEN is little more than a stock pitch and a cash-burning science project. $OPEN offers multiple ways to lose money: – Unable to leverage AI to expand profit margins or defend market share. – Low real estate margins—a 1-2% fluctuation can wipe out profits. – Capital intensive—Billions of dollars are tied up in inventory with no guarantee of resale. – Competition—Zillow has already tried this model and failed. – Given its cash burn, expect massive equity dilution soon. This business model isn't dead…but it's never worked.
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