Opendoor's Leadership Shakeup: Can New CEO Turn the Tide?
Update: 2025-09-11
Description
Opendoor's stock skyrocketed 65% after Shopify COO Kaz Nejatian was named CEO, replacing Carrie Wheeler amidst investor pressure. Co-founders Keith Rabois and Eric Wu are also back in leadership roles as the company pivots to AI and aims to rebuild investor confidence after a rocky period. Can Nejatian's platform vision and a focus on profitability finally turn Opendoor around?
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