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Opendoor Stock Climbs, CEO Steps Down: 'Power To The People' - Opendoor Technologies (NASDAQ:OPEN)

Carrie Wheeler stepped down as CEO of Opendoor Technologies, Inc. effective immediately on Friday amid growing investor pressure and market volatility.
The CEO transition follows months of underwhelming financial performance, public calls for new leadership, and vocal investor activism including from co-founder Keith Rabois and hedge fund manager Eric Jackson.
Opendoor has named Chief Technology & Product Officer Shrisha Radhakrishna to serve as president and acting CEO while the board searches for a permanent replacement.
Opendoor shares climbed 72% this week to $3.37 on heavy volume Friday, fueled by renewed retail investor interest and crypto investor Anthony Pompliano praising retail investors as a powerful force, saying 'Power to the people.'
The leadership change and growing investor enthusiasm suggest Opendoor aims to solidify its strategic turnaround and build long-term value amid a challenging real estate market.

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