Opendoor's Fresh Start: New CEO, Founders Return, Stock Soars
Update: 2025-09-11
Description
Opendoor's stock exploded 50% after Shopify COO Kaz Nejatian was named CEO, replacing Carrie Wheeler. Co-founders Keith Rabois and Eric Wu are back on the board, with Rabois as chairman, injecting $40 million into the company. Investors are bullish, driving shares from pennies to nearly $9, signaling a potential turnaround for the struggling real estate tech firm.
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