US EditionOpendoor stock soars 50% after company names new CEO
Opendoor's leadership overhaul includes Shopify's Kaz Nejatian as CEO and co-founders returning to the board, contributing to a 470% year-to-date stock gain amid investor activism.
- Opendoor Technologies named former Shopify COO Kaz Nejatian as its new CEO and welcomed back Keith Rabois and Eric Wu—both original founders—to the company’s board today.
- This change follows Carrie Wheeler's resignation last month due to investor pressure and a need to reshape the company culture and strategy.
- Rabois described the culture as broken, citing remote work and a bloated workforce, and vowed to slash headcount to under 200 employees.
- Opendoor’s shares surged more than 56%, reaching a 52-week high of $9.43, a rise driven by leadership news and investor enthusiasm.
- The leadership changes aim to revive founder principles and integrate AI to improve home transactions, potentially boosting Opendoor’s adaptability amid market challenges.
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Hedge funder Eric Jackson thinks he has another secret weapon that'll pump Opendoor stock to the moon: Drake
Drake performs in Los Angeles in 2016.Scott Dudelson/Getty Images)Hedge fund manager Eric Jackson wants Drake to buy Opendoor stock.He's been posting videos filmed in front of Drake's home, urging him to join the flock of retail investors.Jackson said at a conference on Friday that the rapper's representatives have said he likes the stock.Hedge fund boss Eric Jackson already has some wins under his belt as he crusades for a turnaround at Opendoo…
Opendoor Stock Rallies with Co-Founders Back at the Helm - Wall Street Pit
Opendoor Technologies Inc. (OPEN) shares surged over 56% to $9.16 in Thursday trading, hitting a 52-week high of $9.43, amid a year-to-date gain exceeding 470% following leadership changes that averted delisting risks earlier this year. The company appointed Shopify (SHOP) executive Kaz Nejatian as CEO and co-founder Keith Rabois as…
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