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
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 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
Offerpad’s revenue declined 36 percent year-over-year to $160.3 million in Q2. However, it’s net losses declined 21 percent to $10.9 million. Continue reading
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
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
Opendoor, which posted a $392 million 2024 net loss and faced delisting from the Nasdaq Stock Market, is hoping to reach more sellers through partner real estate agents. Continue reading
After pilot tests in 11 markets, iBuyer expands its Key Connections program that puts partner real estate agents in touch with “high intent” sellers who want to explore their options. Continue reading
IBuyer Opendoor on Friday agreed to pay $39 million to settle a federal securities class-action suit that accused the real estate tech company of misleading investors about its homebuying algorithm. Continue reading
After posting losses in 16 of the past 18 quarters, Opendoor implemented the latest in a string of layoffs on Wednesday, primarily on the iBuyer’s sales side, Inman has learned exclusively. Continue reading