With many special purpose acquisition company (SPAC) opportunities out there, why go with Social Capital Hedosophia (NYSE:IPOB)? It’s simple. Once IPOB stock acquires real estate disruptor Opendoor Labs, you can expect shares to take off.
How so? Well, Opendoor is an iBuyer. Using algorithms to make instant offers for homes, iBuyers address many common points of pain among home sellers. Simply put, this business model has big potential to disrupt the old-school residential real estate business.
As the buying and selling of homes moves online, iBuyers like Opendoor stand to win. The company has already scaled into a multi-billion-dollar business. And it’s still getting warmed up. Given the fact that it’s yet to expand nationwide, the runway remains