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A comment on Better.com CEO blasts laid-off employees, accusing them of ‘stealing’.

Re:Better.com CEO blasts laid-off employees, accusing them o... by somenewaccount1 on Monday December 06, 2021 @02:17PM (#29464281)
OpenDoor (same busines model and space) laid off 35% in April 2020, I believe with better foresight that this is a very difficult space to be successful in.

The convenience offered isn't worth much except in the most ridiculous of markets, and that ridiculous market condition isn't sustainable. Ergo, these models aren't really sustainable at the scale they are trying to achieve.

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Re:Better.com CEO blasts laid-off employees, accusing them o... by throwaway7653 on Monday December 06, 2021 @02:31PM (#29464442)
Very, very different business model.

Better is a mortgage lender, historically a refi shop. We are more recently also a real estate agency. We sit on the buyer's side of the transaction.

OpenDoor is an iBuyer. They give sellers cash offers for houses and then flip them, helping to break the chain of sellers needing to sell one home to buy the next one. Basically they're a market maker for houses.

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Re:Better.com CEO blasts laid-off employees, accusing them o... by Ancalagon on Monday December 06, 2021 @05:44PM (#29466702)
Not sure why the comment below was downvoted to oblivion, it is correct Better and Opendoor have different business models
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