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Opendoor hits reset: The iBuyer goes full founder mode with new CEO

Earnings, HWmember, iBuying, Opendoor, Real Estate, Technology /

Opendoor’s recently appointed CEO Kaz Nejatian used the firm’s third-quarter earnings call with investors and analysts to introduce himself and reintroduce the company he has been tasked with turning around.  “I’m a computer nerd turned lawyer, turned founder, but I think of myself primarily as a product manager,” Nejatian said during Thursday evenings call. “That’s […]

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Opendoor hires Kaz Nejatian as new CEO

HWmember, iBuying, Opendoor, Real Estate, Stock Market, Team Leaders /

Opendoor Technologies announced Wednesday that it has named Kaz Nejatian, the former chief operating officer of Shopify, as its new CEO. Nejatian will also join Opendoor‘s board of directors as he takes over for Carrie Wheeler, who stepped down last month. The San Francisco-based iBuyer also announced two other personnel moves as co-founders Keith Rabois

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Is Opendoor the next meme stock revival story or fool’s gold?

Brokerage, HWmember, iBuying, Opendoor, Real Estate, Residential Real Estate, Stock Market, Technology /

After its ride on the meme stock rollercoaster and the resignation of its CEO, Opendoor has indicated it is ready to start a new chapter, one that will ideally bring it back to profitability, but activist retail investors are asking that they get a say in the firm’s next moves.  Opendoor’s eventful summer began in

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Opendoor teams up with Jason Mitchell Group

Brokerage, HWmember, iBuying, Jason Mitchell Group, Opendoor, Partnerships, Real Estate, Real Estate Agents, Technology /

As Opendoor looks forward on its path to profitability, the iBuyer is looking to leverage agent relationships to expand its business.  A day after discussing this strategic shift during the firm’s second-quarter 2025 earnings call with investors and analysts, Opendoor has announced a partnership with the Jason Mitchell Group (JMG) a powerhouse real estate referral

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To the moon! Opendoor is Reddit’s new memestock

HWmember, iBuying, Opendoor, Real Estate, Social Media, Stock Market /

Move over, Gamestop — there’s a new memestock in town. The equity price of iBuyer pioneer Opendoor has surged of late, and it appears entirely driven by Reddit’s infamous Wall Street Bets subreddit and other social media platforms. As of Monday morning, Opendoor shares were trading for $3.31, a shocking 429% rise in just one

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Opendoor will pay $39M to settle pricing algorithm lawsuit

Artificial Intelligence, Brokerage, HWmember, iBuying, Investors, Lawsuit, Legal, Opendoor, Real Estate, Technology /

Opendoor has agreed to pay $39 million to settle a lawsuit that alleges the company misled investors about the reliability of its pricing technology, according to court documents filed Friday. The proposed settlement — filed in federal court in Arizona and first reported by Reuters — must still be approved by U.S. District Court Judge

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What do you call an iBuyer that isn’t iBuying houses?

Housing Inventory, HWmember, iBuying, OfferPad, Opendoor, Real Estate /

Opendoor looked like it had the potential to disrupt the entire residential real estate industry when it launched in 2014, but today it and competitor Offerpad are almost afterthoughts. The so-called iBuyers have yet to find a way to consistently turn a profit, and their presence in the industry has slowly shrunk. With macroeconomic headwinds

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