Apeshifter

@JerryCohen85748 @ssj2abid What is the ticker?

@ssj2abid You act as if there's no companies that are vertically integrated, as if he's creating something that no one else has ever done it's so pathetic listening to people that have no clue about the industry.

People are sleeping on the $OPEN Doma acquisition + mortgage product. This is the Opendoor 2.0 full stack. Let's do some basic math. Here's how I understand the economics to work. 🏠 OPENDOOR 1.0: THE OLD MODEL One revenue stream. Buy homes, sell homes, profit on the spread. Everything else goes to third parties. 🏠 OPENDOOR 1.0: SINGLE HOME TRANSACTION Buyer X finds an Opendoor home for $400,000. → Opendoor bought it for $370,000 → Spent $5,000 on repairs → Sells for $400,000 → Pays ~$5,000 in selling costs → $400,000 - $370,000 - $5,000 - $5,000 = $20,000 profit But during that same transaction: → Buyer X pays ~$4,800 in mortgage fees → goes to Wells Fargo or whoever → Buyer X pays ~$1,800 for title and escrow → goes to First American or whoever → ~$6,600 leaving the building on every home sale → Opendoor captures none of it Opendoor 1.0 per home: $20,000 🏠 OPENDOOR 2.0: THE NEW MODEL Kaz has been quietly building new revenue layers on top of every transaction: Layer 1 → Doma (title + escrow) Every home sale requires title and escrow. Legally required. Not optional. → Title = verifying the seller legally owns the home → Escrow = neutral party that holds all money and distributes it at closing Opendoor acquired Doma and rebuilt this with AI. What took humans weeks now takes minutes. Layer 2 → Opendoor Mortgage Traditionally the buyer borrows from a third-party lender who charges rate markups, lender fees, and loan officer commissions. Opendoor's version: AI handles the process. No loan officer. No lender fees. Buyer gets a lower rate. Opendoor originates the loan and can sell it to Fannie Mae or other investors at a slight premium. That premium is the gain-on-sale spread → that's the profit. 🏠 OPENDOOR 2.0: SINGLE HOME TRANSACTION Same home. Same buyer. Different economics. → Buyer X finds an Opendoor home for $400,000 → Opendoor bought it for $370,000 → Spent $5,000 on repairs → Sells for $400,000 → Pays ~$5,000 in selling costs → $400,000 - $370,000 - $5,000 - $5,000 = $20,000 home sale profit (same as 1.0) But now the rest stays in-house: Mortgage: → Buyer puts down $50,000, borrows $350,000 from Opendoor → Lower rate. No lender fees. AI handles the paperwork → Opendoor can sell that $350,000 loan to Fannie Mae at a slight premium → Say Fannie Mae pays ~101% of face value → $350,000 × 1.01 = $353,500 → $353,500 - $350,000 = $3,500 gain-on-sale profit Doma: → Closing handled by Doma. Title search by AI. Escrow in-house → Buyer pays ~$1,800 for title + escrow (same fee as before) → But now it goes to Opendoor's Doma subsidiary → Doma processes at lower cost with AI → I estimate ~$1,000 in processing costs (conservative) → $1,800 - $1,000 = ~$800 profit per transaction Opendoor 2.0 per home: → Home sale: $20,000 → + Mortgage gain-on-sale: $3,500 → + Doma title/escrow: $800 → = $24,300 Opendoor 1.0: $20,000 per home Opendoor 2.0: $24,300 per home 21% more profit. Same home. Same buyer. From software. 🏠 OPENDOOR 2.0: AT SCALE At current pace (~600 homes/week = 7,800/quarter): Doma (every transaction, legally required): → 7,800 × $800 = +$6.2M profit per quarter Mortgage (estimating 30% adoption): → 7,800 × 30% = 2,340 mortgages → 2,340 × $3,500 = +$8.2M profit per quarter Full stack: → $6.2M + $8.2M = +$14.4M per quarter → 7% contribution margin becomes ~7.5% → At only 30% mortgage adoption. As it grows to 40%, 50%, 60%+, margin compounds → Expands considerably as acquisitions/market share increases This is why I say people are sleeping on Doma + mortgage. Do you see the power of this model now? Every layer Kaz adds captures revenue that used to leave the building. This is Opendoor 2.0. And the market hasn't caught up yet. The stock is ~$4.80. nfa, long $OPEN 🏠

@twocommapauper Their shareholders are mostly btc maxi. You dilute them in fiat terms and not in btc terms. Mstr at mNAV < 1 make it more attractive not less. The fiat mind cannot comprehend this phase transition.

This seems to have struck a nerve, so here's my thinking on how this could go wrong. The engine works like this: sell STRC preferred at $100, buy BTC, hope BTC/share grows, rinse repeat. They claim BTC only needs to appreciate 2.05% annually to cover the preferred dividends. Sounds easy enough, but STRC's rate has been hiked 7 times since July. It's at 11.5% now. That number only goes up.

@ctindale Australia is not a serious country...

A serious country does not leave critical fuel infrastructure sitting behind cyclone fences and weak cyber and physical security. Ours does. We posture about net zero, export the carbon anyway, and leave the real economy exposed to disruption, sabotage and self-inflicted fragility. It's not a strategy. It is base negligence.

@AnselLindner the server is on my computer; it is called a node and it is a ledger and millions of other people have it too. we will reach 8 figure before people figure this shit out.

🚨 "People recognize [bitcoin] is the CIA. I want to know where the databases are, where the servers are, physically.” - Prof Jiang This is the opinion of so many midwits. It's also the reason even some gold bugs cannot comprehend bitcoin to this day, and why midwits believe in centralized scam sh*tcoins. They don't understand decentralization.

@poordart Yep soon Taiwan will be part of China again. GG

You have to be legitimately retarded to think that China will not: 1. help Iran drain US military power 2. reduce the relevance of the petrodollar until obsolescence 3. use every opportunity to test its weapons systems in real combat against US forces - imagine the marketing

@ssj2abid @QAAIISS @AInnovator_ @mikealfred @nejatian 1k to 2k is a massive range lol; i suspect we 1.2-1.5 definitely not 2k

@apeshifter95 @QAAIISS @AInnovator_ @mikealfred @nejatian Can see 1-2k by end of year, definitely closer to 2k by next year 🙏🏻

OPEN starting to show some strength today. I think it rips once the 10 year yield moves lower with more authority. $20-30 still very possible this year imo. 👀

@QAAIISS @AInnovator_ @ssj2abid @mikealfred @nejatian We peak at about 680, 2k is 3x away. We are minimum 18 months away from that lol.

@AInnovator_ @ssj2abid @mikealfred @nejatian This guy is the most insane retard on X

@AdamSimecka Unless saylor buy all 20 mil, what you listed don’t matter. If in fact he bought all btc then the value of btc is zero.

Saylor: "I just bought over 1 month's supply of the entire bitcoin supply in a single day." Bitcoin: "I think I'm going to go down."

@Nugget_Trades @instagram

LATEST⚡️: $OPEN finally showing signs of life on @instagram! What’s everyone thinking? Personally, feels slightly better than their old agency content… but still pretty far from hitting.

@Y_Malyarchuk can we get a link lol

New Opendoor content is live 🎉 $OPEN Army let’s ride Starting with the Watsons who bought, sold, and got a mortgage with Opendoor. Real customers. Full-circle story. 🏡

@jeffye888 @ieyasu_rose That’s going to be for awhile

@ieyasu_rose War needs to be settled, 10 year under 4 again, then we’re off to the races

Kaz is cookin’ 👨🏻‍🍳

@ssj2abid @nejatian @wwcapitalgroup @morganb @fahdananta i sold to open before; i need the buy function on any house. like amazon had 1 click buy option. open needs to do an open offer where they are my agent for buying. all the houses i want to buy is not on their platform lol

Yup, the market does not believe this at all though, They think $OPEN is going to fail and not sell homes at good margins hence the price it is at right now, Furthermore they also believe opendoor is hurt by macro, but I believe this will not be the case as many home sellers will flock to opendoor as the default platform to sell or buy homes, meaning it will be the sticky service people will use to do any real estate transaction (similar to how everyone uses Spotify for audio listening). Al it will not be dependent on macro because opendoors AI will get better and be instantaneously adaptive to whatever macro scenario we face.

On this April Fools’ day I want to take a moment to commemorate all the hilarious corporate M&A jokes killed by humorless lawyers.

@MartinShkreli @jw8c @RoKhanna how can we assist; donation page?

@jw8c @RoKhanna there's no way for him to pay me. i'm going to do a deep dive on his ass and we'll see what shows up

to all house dems, this can happen to you easily. imma tell you one time: don't fuck with me. @RoKhanna you fucked with me. that's against the aforementioned rules. so you next. everyone has a secret, a vice, a mistake. but not everyone has a determined enemy. tread carefully.

@ssj2abid @nejatian @wwcapitalgroup @morganb @fahdananta (800*52*400000)*0.07=1.16bil, at 20x multiple is about $22 per share; if we get lower rate then 25-30x multiple is justified. 30-35 per share.

@apeshifter95 @nejatian @wwcapitalgroup @morganb @fahdananta 800 a week consistently in acquisitions with proof they are being sold with good margins (5-7%) Then $OPEN re-rates 5-10x easily from here. These numbers should be visible by Q4 earnings if not earlier 🙏🏻 Hopefully Kaz can deliver exceptional results.

@ssj2abid @nejatian @wwcapitalgroup @morganb @fahdananta we need to wait till contact hitting 800/week

I'm telling you all. Q2 is the inflection for $OPEN The sales will follow the buy. Margins will improve over time. October best cohort at 10% margins, surely more cohorts will hit 5-7% All it takes is 800 homes sold per week ish + 5-7% margins for the re-rate. We are very very close. Everything is aligning perfectly. Do not forget the warrants. The bears will get roasted in a few months. Keep it up Kaz ♥️👌🏻

@urbnsteezus Nah, don’t need to, at 3 billion is good as zero

@apeshifter95 It’s going to $0 keep holding

Don’t worry bag holders. It’s about to get worse. $OpenDoor likes to drop to $4.70, thank you for everyone who bought more yesterday at $5.60 per share. You make it easy to short! Beautiful trade opportunity! #memestock

@TheMonkBob @NotTheirScript @Laurelknutson Maid is definitely better lmao

Medicaid didn’t cover basic blood work when a friend’s dad was sent to the ER confused and really out of it. They wanted to send him home to be comfortable with drugs. They did no blood work. My friend noticed his tongue was really red and swollen. Google said it was B12 deficiency. He fed him lots of eggs. He got better in 12 hours. He still has issues with memory. So what were you saying about our superior, perfect and advanced healthcare?

Canada told this man’s wife to kill herself with MAID because they had “no treatment” for her stage 4 ovarian cancer. They lied about HIPEC surgery. Lost her chemo requisition. Her oncologist never even met her in person. ERs sent her home with opioids while her lungs filled with fluid. So they evacuated her by ferry from Vancouver Island to Seattle. America got her into the system immediately. Started chemo. Gave her the surgery Canada said wouldn’t work. Every time she went back to Canada, she nearly died again, going septic in Canadian hospitals until her husband literally unplugged her from machines and evacuated her back to the US. They finally got him a green card in under three months with the help of a Congresswoman. Now they’re in Texas. His wife is heading into her THIRD remission. She squatted 175 lbs for five reps last week. Canada’s answer was death. America’s answer was treatment. That’s the difference. 🇺🇸

@wizardofsoho @AdamBLiv @rektmando And the market continue to let them raise sooooooooo…🧐

@AdamBLiv @rektmando ? They just issue stock. They don’t make Money.. they raise money, You know there is a difference right ?

Saylor has lost it with this logic. He has now issued $10b+ of preferred stock at 10-11.5% and has capacity to issue $25b more. That means a dividend bill of $1-4b EVERY YEAR on a software business that makes no cash. He has pre-funded some of this bill for the next year by issuing common stock - but with the amount of preferred shares printed each week this is going to run out. The only option for this capital structure long term is either issuing $1-4b of common stock every year, turning off the dividend or selling BTC. This is now a timebomb.

@nobrainflip People hate on btc maxi and that’s why they win lol; not an industry but btc only.