Opendoor CEO Steps Down Amid Investor Pressure, Stock Rises 4%

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-08-15 23:56:02

BTCCSquare news:

Opendoor Technologies (OPEN) shares closed 4% higher at $3.17 after CEO Carrie Wheeler stepped down following mounting pressure from investors. The company appointed CTO Shrisha Radhakrishna as interim leader while searching for a permanent replacement.

Wheeler, who took over as CEO in December 2022, leaves as the iBuying real estate platform continues to struggle financially. Opendoor has yet to post a profitable quarter since going public via SPAC in 2020 and recently faced a Nasdaq delisting warning.

The stock has surged over 200% in the past month, fueled by retail traders on WallStreetBets and EMJ Capital's Eric Jackson, who publicly disclosed a long position in July. Co-founder Keith Rabois had joined calls for leadership change.

By:

Log in to Reply

DCG Sues Genesis for $1.1B Over 3AC-Related Promissory Note Dispute

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.