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Opendoor Technologies Stock Surges 500% YTD Amid Meme-Trading Revival
Opendoor Technologies Stock Surges 500% YTD Amid Meme-Trading Revival
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BTCCSquare news:
Opendoor Technologies (OPEN) has become a focal point for retail and institutional investors alike, with shares skyrocketing 500% year-to-date after bottoming in June. The real estate platform, which went public via SPAC in 2020, now commands a $7 billion valuation at $9.50 per share—still below its debut price despite the parabolic rally.
Leadership changes signal a strategic pivot. New CEO Kaz Nejatian, former Shopify COO, plans to abandon remote work policies to replicate Shopify's innovation playbook. Cost-cutting measures accompany this executive shakeup as the company seeks to capitalize on its meme-stock momentum.
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