Reported about 14 hours ago
Opendoor's stock rose over 75% following the announcement that Kaz Nejatian, Shopify's COO, will take over as CEO, replacing Carrie Wheeler. This strategic move is seen as a means to revitalize the iBuyer platform, which has faced significant stock declines. With Nejatian's leadership, Opendoor aims to leverage AI technology and improve its market position, catering to homebuyers with an innovative real estate platform.
Source: YAHOO