#business-pivot

#business-pivot

Opendoor Technologies ( NASDAQ: OPEN) went public via SPAC merger in December 2020 with a bold vision: use technology to eliminate friction from home buying and selling. The iBuyer model promised homeowners instant cash sales while buyers browsed algorithmically priced homes online. Investors initially loved it. The pandemic housing boom was rocket fuel. Low rates and remote work sent home prices soaring, and Opendoor's tech-forward approach seemed perfectly timed. But the model had a fatal flaw: buying massive inventory with borrowed money,

Elysian Tales invites a handful of guests into a world of storytelling, culinary artistry, and seamless service. It begins with a dramatic tower of golden butter carved at the table, flowing into a menu that weaves together tradition and innovation.

"It just wasn't sustainable for us anymore. We were cutting it close budget-wise before COVID, and having to borrow more money to stay in business during the shutdown."