Opendoor Technologies Inc. has appointed Kaz Nejatian, previously the Chief Operating Officer of Shopify, as its new Chief Executive Officer and member of the Board of Directors. Co-Founders Keith Rabois and Eric Wu are returning to the Board, with Rabois assuming the role of Chairman. The company is focusing on becoming an AI-powered real estate platform, with Khosla Ventures and Wu investing $40 million in PIPE financing to support this transition.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Opendoor Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9527125-en) on September 10, 2025, and is solely responsible for the information contained therein.