A Meme Stock Rollercoaster Opendoor Technologies (NASDAQ:OPEN) is surging 25% in morning trading today, reigniting excitement among retail investors who have crowned it a meme stock darling. Fueled by social media hype on platforms like Reddit’s WallStreetBets and X,

Key Points Opendoor has become the latest "meme stock," with its rally heavily influenced by retail investor enthusiasm.Despite the recent positive momentum in share price, the company faces substantial financial challenges,

The recent moves revived memories of the Reddit-driven meme stock frenzy of 2021, when amateur investors pushed up shares of video-game retailer GameStop and cinema chain AMC, burning hedge funds that were on the other side of the trade.