10 Stocks Investors Are Gobbling Up

6. Opendoor Technologies Inc. (NASDAQ:OPEN)

Shares of Opendoor Technologies jumped by 14.43 percent on Monday to end at $9.28 apiece after hinting at accepting cryptocurrency payments for home sales, marking its foray into said assets.

Over the weekend, Opendoor Technologies Inc. (NASDAQ:OPEN) Chief Executive Officer Kaz Nejatian responded to a social media user who suggested the use of cryptocurrencies for real estate buying on the platform, saying that “we will. [We] just need to prioritize it.” He did not elaborate on the timeline and the specific cryptocurrencies to be accepted.

The confirmation became a boost to Opendoor Technologies Inc. (NASDAQ:OPEN), which is underway with the implementation of strategic initiatives towards a turnaround and revival, which included the potential layoff of the majority of its total workforce.

In a recent interview, Opendoor Technologies Inc. (NASDAQ:OPEN) Chairman Keith Rabois vowed to slash the company’s workforce by 85 percent, which could affect some 1,190 employees.

“There [are] 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” he was quoted as saying.