3 ms·

Sorry but stupid question: why would opendoor need ever rising prices any more than a regular market maker? They just lower their bid/asks.

• toomuchtodo 7y ago
  It’s not a pricing issue, it’s a liquidity issue. Same reason the Fed has stepped into everything except equities. Illiquidity can quickly lead to insolvency.
  • SilasX 7y ago
    Yeah but there are market makers on the stock market that deal in illiquid securities, and somehow manage not to die out either.
    • toomuchtodo 7y ago
      Reserves and risk/inventory management.
      • SilasX 7y ago
        I don't feel like my understanding has changed.