This is the main reason OpenDoor share price caved in post results. Not the losses, not the lower revenue, both of which most have expected.
People just don't like hearing of new shares being released as this suggest cash is needed.
But as the management have already identified the company is blotted with over-staffing, and they need to go tech to reduce dependance on unproductive manpower (and improve real estate inventory management), the cash raised is understandable.
I personally do see the potential here. Inventory management will reduce cash tied and risk associated with properties which do not or take longer to sell.
Reduction in unproductive headcount, unfortunately painful for some, is better for businesses.
Opendoor Technologies Inc: Files for Common Stock Offering; Size Not Disclosed - SEC Filing
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I would have preferred a more gradual stablizing.
Moving so much so fast suggest a herd movement. And we all know, herds are mostly driving by mindless crowds.