Retail Investors Took Over Opendoor! How High Can The Stock GO?

0:00Hello everyone, we've got a lot to discuss today. Retail investors just pulled off a crazy activism campaign, inflation came in right with expectations, and I'm going to share some thoughts with you on Charlie Kirk and September 11th. We're live today from the desk of Anthony Pompliano.

0:24Before we get into it today, remember, my goal is to get to 1 million subscribers, but I need your help to get there. We're at 22 ,046, and that's not enough. Hit that subscribe button and let's get into it today. All right, ladies and gentlemen, retail investors got a massive win last night. Their activism campaign to enact change at Opendoor was completed with the naming of a new CEO and two new board members. For context, remember, Opendoor went public via SPAC in December of 2020. The company saw its stock price decline down to 51 cents per share earlier this year. The negative performance can be attributed to a confluence of factors, including a tough interest rate environment, a revolving door of talent, and a lack of interest from investors.

1:04But a relatively unknown hedge fund manager, Eric Jackson of EMJ Capital, he came out with a price target of$82 per share back in July. Yeah, you heard that right. Eric Jackson called for a nearly 160x appreciation in the stock over just a few years. Now that sounds insane at first. How the hell could that be a real thing? Someone's actually trying to predict 160x return? But then retail investors started looking into the company. That diligence made it obvious that the company was significantly undervalued. They were trading at a market cap of just a few hundred million dollars. Yet the company was doing billions in revenue.

1:38They had recently turned a profit and they were holding a ton of real estate on their balance sheet. So retail investors, what did they do? They started buying the stock. But retail investors weren't just buying the stock. They began bombarding the company with pressure. They wanted to improve the business. Within weeks, the existing CEO had stepped down. The remaining management team committed to not sell any of their stock. And the interim leader of Opendoor personally purchased equity in the open market. It's not bad for a loose group of random investors who were individually acting in their own self-interest, right?

2:09Well, most activist investors, they would have been satisfied to get that much done in such a short period of time. It's only been 60 days. Retail investors weren't satisfied there, though. The pressure continued. They wanted a new CEO who understood artificial intelligence. They wanted Opendoor co-founders Keith Raboy and Eric Wu back on the board of directors. And the retail investors were not going to rest until they got what they wanted. Hundreds of tweets per day, memes and everything. Some nice, some not so nice. Just a relentless campaign to affect change at a business that these retail investors saw potential opportunity in.

2:43And last night, the retail activism campaign became one of the most successful activism campaigns in recent history. Opendoor announced that they have hired Kaz, the COO of Shopify, to be the company's next CEO. This is a very big win for Opendoor. Kaz has been instrumental in building Shopify into one of the most disruptive technology companies in the world. He understands product, he understands technology, and he understands the importance of operating a lean, profitable business. Opendoor also announced that Keith Roboy and Eric Wu would be rejoining the board of directors as well. Two more big wins.

3:16Keith and Eric are some of the world's best entrepreneurs and investors. They bring the founder mentality and founder energy back to a company that frankly desperately needs it. So to recap for a second, retail activists have been able to affect significant change at Open Door in approximately 60 days. They got the existing CEO to step down. They stopped management from dumping their stock. They helped find a killer new CEO, and they got their preferred directors into two of the board seats. What an insane accomplishment in such a short period of time. Again, this is probably the most successful activism campaign in recent history.

3:50It speaks volumes about the power of the retail movement. People can hate it. They can mock it. They can even try to fight it. But the retail investment crowd is a powerful force, and it isn't going anywhere. Financial markets have been changed forever. These individuals have real capital. They have access to information, and they are now emboldened to make their voice heard. We probably don't fully understand the impact of this specific development, but it's important to keep watching. Retail investors are going to become a much larger part of the market. They're going to get better at what they're doing.

4:22Companies are going to have to come up with a retail investor strategy. If they don't, the CEOs of those companies risk being the next executive under pressure from a group of investors who now have the track record of actually getting results. Opendoor and the Open Army, they're improving. The stock price is reflecting it. And my guess is this isn't gonna be the last. retail investor-driven activism campaign that's successful. All right, we just got the new inflation data. Heather Long shows inflation rose to 2.9 % year-over-year in August. It's up from 2.3 % in April. Higher food, gas, and shelter costs drove inflation up in the month of August.

5:02Cars, apparel, and airfares, those also saw costs surge. Now, inflation jumped 0.4 % during the month. That's the highest monthly increase since January. You should be worried, right? Hold on a second. Not so fast, my friend. Here's the thing. Truflation is showing inflation is only at 2.03 % right now. So who do you believe? The U.S. government data that's backwards looking and inaccurate or the real-time inflation tracker? I don't think I need to tell you all where my confidence lies. On top of that, most of the items that are driving the government's data is actually made in America. Food, gas, shelter.

5:36Those are not things that are driven by tariffs. Does that mean there's zero impact from the tariffs? No, of course not. But it does mean that any talk of the tariffs creating inflation is likely not accurate. Remember, PPI, that came in significantly below expectations earlier this week. Now, CPI is coming in with expectations. Where is the sky-high inflation? Where is the soul-crushing inflation that we were promised? Remember, it was supposed to destroy prices and leave shelves empty. It simply never showed up. And it's not going to show up. The only way we get higher inflation is if the government prints more money.

6:10That is the only place that inflation can come from. Now, by the way, we're not out of the woods on that topic. The government debt situation is not getting better. So I personally, I am concerned that money printing can drive inflation higher. And if you remember, the Fed is poised to cut interest rates in September. They're specifically doing that because they are choosing the labor market over the potential inflation numbers. That's their prerogative. But if and when that inflation shows up, people, they're not going to think critically. They're simply going to claim it's from the tariffs. but the data is conclusive.

6:42Tariffs are not inflationary. They are deflationary. Economist Milton Friedman said it best. Inflation can only be created in one place. And that one place is in Washington, D.C. And if they keep printing money, then we're going to have a problem on our hands. But the tariffs, the tariffs aren't driving inflation and people need to stop overreacting. Now, before I let you guys go, I want to share a couple of thoughts about things that are going on in American society. Obviously, it was heartbreaking to watch the video of Charlie Kirk, one of the young dynamic leaders in America, somebody that millions of young people look up to, get assassinated yesterday at a public event where he simply was sitting down and trying to have a conversation with people, but people who agree with him and people who disagree with him.

7:27One of the beauties of America is that we have free speech. And the true test of free speech is to protect the right of people to speak that you disagree with. It's hard to do. It's uncomfortable to do. But that is the true test of free speech. And Charlie Kirk embodied that. Whether you agree with his political views or not, it doesn't matter. No one, no one should ever be subjected to violence in America because of their political views. We should actually want young people to want to have a conversation, to sit down with people that they disagree with and talk it out. That was the beauty of what Charlie did.

8:02Charlie simply went around the country and he sought out conversations. And frankly, there's a lot of people who wish that more of that was happening, regardless of the topics of debate. We simply need people to remember, we are all Americans. We can come together and we can talk through our disagreements. It doesn't even mean that at the end of the conversation, we're actually gonna agree with each other. Instead, it means though, that we are willing to engage in the conversation. America was built on that, and it's important that we continue to encourage that. I hope that young people around the country see Charlie Kirk and what he stood for about open dialogue as a model that they should emulate.

8:40But the other thing that I keep thinking about, I'm a father, I'm a husband, I keep thinking about Charlie's family. There are two young kids that are going to grow up without a father now. Somebody that was taken from them simply because of what he believed and the fact that he was looking to talk to people who he disagreed with. There is no place in America for that. There's a woman now who's going to raise those two children without her husband, without the person that she was excited about building a life with. And if you actually go and you watch all of the videos that are pouring out about Charlie today, one of the things that has struck me is that he was proud to be a dad.

9:19He constantly talked about how he thought it was an important role, how he thought that what he was doing as a father and a husband was something that more young men in this country should actually pursue. He was proud to have children. He was proud to get married at an early age. He wanted other people to understand that this is a righteous path to pursue. In Charlie's words, although he's no longer going to be with us, something tells me that his message is going to ring true to millions and millions of Americans for a very long time. Again, Charlie Kirk, what happened to him yesterday, there is no place for that in America, obviously.

9:57But on top of that, it is now the responsibility of everyone else to take his message and to make sure that it reaches as many people as possible. Now, that happened on September 10th, 2025. Obviously, today, September 11th, is a somber day in American history. It's another reminder of the heinous acts that happened all the way back in 2001. It had a profound impact on my personal life. I remember watching as the towers burned, as people fled out of those buildings, thousands of people killed, millions of families affected, simply because somebody else on the other side of the world, they disagreed with the American way of life.

10:40Their views simply were not compatible with ours. And so they chose violence to attack us. There's no place in America for that. There's no place in the world for that either. See, the thing about America is that when people come here, regardless of their wealth, regardless of where they come from, regardless of the language, their religion, or anything else, we simply ask them to become an American, to assimilate to American life. And if they do that, we welcome them. Because America is one of the most tolerant countries in the world. We encourage people to come here and to simply become an American.

11:15An American is someone who believes in capitalism and democracy. They believe in freedom. They actually believe in protecting the right of other people, even if they disagree with them. That's the American way of life. This entire country was built on certain ethos and values that plenty of people around the world disagree with, and they hate us for it. But it doesn't change the fact that America is on the right side of history. We continue to want people to pursue a life of happiness, a life of financial security, and a life that they can be proud of. We want America to be a place where you can grow a family, where you can build a business, and where you can simply do the things that make you happy, that you can contribute to society.

11:56The attack on 9-11, it strengthened the resolve of Americans. There was no day in my life where people were more patriotic than on September 11, 2001. Because at the end of the day, sometimes it takes an attack externally to bring us all together, to remind us that we're all humans, we're all Americans, and we're all working together. So the events yesterday with Charlie Kirk obviously were heartbreaking. No one wants to see that happen to anyone. The events of September 11th still bring people to tears today. Ultimately, my takeaway from these two days is that you as an individual, be a good person, look out for your neighbors, build a family that you could be proud of, take care of your children and do the things that would make Charlie or any single one of the thousands of people who died on 9-11, do the things that would make them proud.

12:50These people, they will live on forever in our hearts, in our minds, and hopefully in our daily actions. That's my message to you today. Be an American. Be proud to be an American. But do the things on your day-to-day life that actually are contributing to society, that are making it a better place, that are showing the love for your fellow countrymen. Those are the things that Americans have so long coveted, and I don't think that they'll ever go out of style. That's it for today's show. I appreciate you all watching. Thank you so much, and I'll see you guys live tomorrow from the desk of Anthony Pompliano.