Rabois: Opendoor still executes its pricing model incorrectly eight years later

“The one that I still make fun of JD about is how we did our pricing model, which we still basically don't do correctly. You know, eight years later, we'll eventually fix this, but there's a lot of debate about whether we should have consumers name their own price, and we would buy it ourselves, buy it, say yes or no, versus we spit out a price, but JD refused to listen to me, so we still don't Quite do that.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →