Opendoor Pivots to AI After Meme Stock Rally as Q3 Sales Drop 35%
Opendoor shares fell 22% after revealing Q3 revenue dropped 35% to $915M. New CEO Kaz Nejatian announces major shift to AI-powered software platform with return-to-office mandate.
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Opendoor Stock Surges With New CEO Appointment
Opendoor named Kaz Nejatian (former Shopify COO) as CEO, with co-founders Keith Rabois (Chairman) and Eric Wu rejoining the board. They're building an AI-first company to simplify home transactions, along with a $40M investment.
Opendoor Q2 2025: Profitability Amidst Market Deterioration
Opendoor sees Q2 Adjusted EBITDA profit, but forecasts Q3 decline. Shifts to agent-led, capital-light models due to market. Opendoor aims to leverage its recent meme stock "increased visibility".