Tag Archives: ibuyer

Opendoor continues C-sweep with CFO swap

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Christy Schwartz, the iBuyer’s longtime chief accounting officer, was named interim CFO. She’ll replace Selim Freiha, who served as CFO for less than a year. Continue reading →

Opendoor’s resurrection: Will there be an iBuyer afterlife?

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The old paradigm of iBuying is over, Revaluate’s Chris Drayer writes. Whatever happens next may put real estate agents back at the center of the transaction. Continue reading →

Here’s how much extra money you’d have if you invested $1K in Opendoor last month

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Investors who kept the faith even as the iBuyer’s stock price was plummeting earlier this summer are being rewarded now with a surge following the announcement of Kaz Nejatian as the new CEO. Continue reading →

Opendoor announces new CEO: Shopify’s Kaz Nejatian

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Nejatian has a background as a lawyer, and most recently helped build teams and products at Shopify since 2019. His appointment follows Carrie Wheeler’s resignation last month. Continue reading →

As buyers gain leverage, sellers need smarter counteroffers

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Now that buyers have leverage, Troy Palmquist writes, counteroffers matter more. Here’s how to protect seller value and keep deals alive. Continue reading →

Opendoor CEO Carrie Wheeler resigns under pressure from investors, co-founder

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After months of investor criticism, Carrie Wheeler has resigned as Opendoor CEO. A search for a new CEO is now underway as Shrisha Radhakrishna takes the reins in the interim. Continue reading →

He started the Opendoor stock rally. Now he wants the CEO out

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Investor Eric Jackson takes credit for leading retail investors to buy a stock that was worth 51 cents a month ago. Next, he wants to join the board of directors and oust CEO Carrie Wheeler. Continue reading →

Opendoor grows revenue and trims losses in 2nd quarter rally

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Opendoor managed to increase its revenue and cut its losses in a reassuring sign for investors just a few months after the iBuyer was at risk of being delisted from the stock market. However, the company also said it expects lower acquisition and resa… Continue reading →

‘Meme stock’ surge lifts Opendoor out of delisting danger zone

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While shares in rival iBuyer Offerpad also went on a rollercoaster ride in July, the company’s market capitalization remains below the New York Stock Exchange’s $50 million minimum requirement. Continue reading →

IBuyer shares are soaring as investors continue buying frenzy

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Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July. Continue reading →