Leadership Shakeup Ignites Opendoor Stock Surge

Opendoor Technologies shares surged an extraordinary 36% in pre-market trading following the company’s September 10 announcement of a dramatic leadership transformation. The iBuying pioneer revealed that former Shopify chief operating officer Kaz Nejatian will take the helm as CEO, while founders Keith Rabois and Eric Wu are returning to the company’s board of directors in a strategic reset.

The management overhaul comes with a significant financial endorsement—a $40 million funding round led by Khosla Ventures and Eric Wu. This capital injection represents a strong vote of confidence in the company’s new direction. Rabois, who serves as Managing Director at Khosla Ventures, will assume the Chairman position, while Wu rejoins as a board member, bringing founder DNA back into the corporate... Read more...