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BTCC / BTCC Square / Global Cryptocurrency /
Opendoor CEO Steps Down Amid Investor Pressure, Stock Rises 4%

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

Author:
Global Cryptocurrency
Published:
2025-08-15 23:56:02
7
1
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.

|Square

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