Opendoor's Wild Ride: New CEO, Soaring Stock
Update: 2025-09-11
Description
Opendoor's stock skyrocketed 55% after a leadership shakeup, with former Shopify COO Kaz Nejatian becoming CEO and co-founders returning to the board with a $40M investment. Investors are thrilled by the infusion of tech expertise and capital, overshadowing a recent dip and highlighting the stock's extreme volatility. Despite a 500% gain this year, long-term investors face mixed results as Opendoor navigates a dynamic real estate market.
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