Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and President Andrew Low Ah Kee has resigned. Continue reading
The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds. Continue reading
In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading
Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading
Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company’s history. Continue reading
Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company’s history. Continue reading
After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading
The year saw explosive rivalries, wild stock market performances and plenty of rage. Continue reading
IBuying giant Opendoor posts another solid quarter as the coronavirus-induced boom in housing demand pushed the company’s revenue to new highs. Continue reading