Wall Street has seen a lot of "doors" open in the last two years. Opendoor Technologies (NASDAQ: OPEN) , DoorDash (NYSE: DASH) , and Nextdoor Holdings (NYSE: KIND) have been trading for less than two years. Investors are seeing these doors slammed in their face these days.
Opendoor, DoorDash, and Nextdoor have seen their values plummet 83%, 67%, and 53%, respectively, since hitting all-time highs last year. The only reason Nextdoor has shed just a little more than half of its value -- the relative victor of the "door" prize -- is because it's been trading only since November. Let's take a closer look at why all three stocks are disappointing investors.
Image source: Getty Images.
For further details see:
3 Doors Investors Don't Want to Open in 2022