Opendoor Technologies Finds a New CEO. Is It a Game Changer?

Opendoor Technologies (NASDAQ: OPEN) bulls are stampeding again. Less than three months after the stock started soaring on a meme stock rally that began with an argument that the company could be the next Carvana, Opendoor is now making some real changes, and investors are delighted.About a month after CEO Carrie Wheeler stepped down, the company -- which buys and sells residential real estate online -- has overhauled its leadership team, and it just tapped Kaz Nejatian to be its new CEO. Nejatian was the COO of Shopify, one of the best-regarded tech commerce platforms, and before that the founder of a payment technology company, Kash, which was sold in 2017.Opendoor also brought back co-founders Keith Rabois and Eric Wu to serve on the board of directors, with Rabois taking over as chairman. In a press release, Opendoor said that bringing Rabois and Wu back would inject "founder DNA" back into the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool