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Jared Simons Profile picture
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3 Nov, 8 tweets, 3 min read
Keith Rabois came up with the idea for $OPEN in 2003, later to be started in 2013

“Peter [Thiel] said to start a company in residential real estate… Well, it’s the largest asset class in the world that’s been completely unaffected by technology”

Opendoor wanted to prove that they could actually price homes

If they couldn't accurately price homes, the business model would fail, hence why Zillow failed. $Z $ZG

seekingalpha.com/news/3763327-z…
83% of homes are more like commodities, so why can’t they be priced like commodities?

They proved this in 2003 and proved that it could operate this business, even during the financial crisis the model in 2008

$OPEN should do better in a depreciating market than an appreciating market because it provides liquidity, which is harder to find in depreciating markets.

$OPEN is built differently

ER next week will be interesting

Quotes are from this podcast, highly recommend if you’re long $OPEN

podcasts.apple.com/us/podcast/the…
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@Tyler_Okland_MD thought you may enjoy! Long Opendoor💪

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More from @SimonSaysStocks

Jared Simons Profile picture
2 Nov
Sea Limited is a 3-headed monster

With Garena, Shopee and, SeaMoney, $SE dominates the internet in Southeast Asia

Garena's already profitable, it generated $740M in EBITDA last quarter

Sea guided for $4.6B revenue in digital entertainment bookings for 2021 44% YoY growth
The power of a digital entertainment platform and eCommerce platform, tied together by SeaMoney, its financial services branch, will result in highly attractive products for consumers, merchants, and developers within the Southeast Asia region as well as new key internationally
Sea is creating an extremely strong customer Moat

It is using profits from Garena to drive Shopee’s growth.

How?

International Expansion.

First Latin America and now expanding to Europe (Spain, Poland, and France)
Read 13 tweets
Jared Simons Profile picture
26 Oct
$BKSY thread:

Blacksky is a real-time geospatial intelligence provider and leverages Palantir to generate insights for its customers so they can stay up to date with what's happening anywhere around the world

Blacksky sends small satellites to space to establish its satellite network. The more satellites, the faster the revisit rate.

Currently, Blacksky has 14 satellites in space, with plans to get to 30 satellites by the end of 2022.

👉30 minute revisit by the end of 2022
$BKSY has steadily invested in its satellite network since its inception.

Now Blacksky's solutions are ready to be deployed and it's investing in customer acquisition through partnering with more resellers and focusing on selling direct to clients
Read 10 tweets
Jared Simons Profile picture
23 Oct
#BNPL is disrupting the consumer credit ecosystem

In this thread, I'll break down how $afrm is able to offer a payment mechanism that is aligned with consumers and merchants best interests, rather than the predatory nature of banks which depend on fees and friction
The BNPL market could be worth $4 trillion by 2030

56% of US consumers are considering using BNPL solutions this holiday season

There are over 1 billion credit card transactions every day, yet the card networks/ payment processors haven't seen much innovation in the past 30 yrs
The premise behind "The Power of Pay" is that payments are highly accessible and configurable, and these trends are only increasing as payments become digitized

However, the current banking system is not aligned with the best interest of merchants and consumers
Read 16 tweets

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