Jim Cramer on Opendoor Technologies: "I'm Not a Believer Until It Makes Money"

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks Jim Cramer recently shed light on. Answering a caller’s query about the stock during the lightning round, Cramer said:

“Well, you know what… here’s the problem. The stock is high given the fact that the company makes no money. I’m not a believer until it makes money. That’s just how I am. I love your enthusiasm, but it’s not making money.”

Opendoor Technologies Inc. (NASDAQ:OPEN) runs a digital platform that lets people buy and sell homes directly, list their homes, or connect with buyers through its marketplace. When a caller asked about the company during the lightning round of the August 28 episode, Cramer commented:

“You know, I’ve gotta tell you, this is a meme stock. The person who was, who left the company, the CEO, was a straight shooter. And I don’t really understand what happened, but I’ll tell you this: I am not going to jump on a situation that I thought was heavily, that some would say was manipulative, okay? Some would say. I’m not going to jump on that train.”

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Disclosure: None. This article is originally published at Insider Monkey.