US Stock Movement | Opendoor Technologies Inc (OPEN.US) Continues Recent Rally with Stock Rising Over 8%
Stock News
Sep 15
On Monday, Opendoor Technologies Inc (OPEN.US) continued its recent upward momentum, with shares climbing over 8% to $8.92 at the time of writing. The rally follows comments from company Chairman Keith Rabois, who stated that the company has become "completely bloated," noting that Opendoor currently employs 1,400 people. Rabois remarked, "I don't know what most of them specifically do, and we don't need more than 200 people." He indicated that significant workforce reductions are necessary to align the company with its operational objectives.
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