Reported about 9 hours ago
Opendoor, founded in 2014, is a real estate technology company that has seen its stock surge nearly 300% this year due to increased investor enthusiasm. The company allows homeowners to receive instant cash offers for their properties online, after which it makes necessary repairs and relists the homes. Despite the hype, Opendoor faces challenges, including profitability and potential market risks from holding too much inventory. The departure of CEO Carrie Wheeler and the search for her successor come at a time when the company tries to capitalize on a growing demand for simplified home sales.
Source: YAHOO