The influencer stock Opendoor experiences a major shake-up in senior management, and the stock price rises sharply
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Opendoor Technologies announced the appointment of former Shopify executive Kaz Nejatian as CEO, with co-founder Keith Rabois serving as chairman. This news triggered a surge in stock prices, rising over 30% in after-hours trading on Wednesday. Since hitting a historical low in June, the stock price has increased 14 times, with a market capitalization approaching $6 billion. Prior to the personnel changes, former CEO Carrie Wheeler resigned under pressure from investors. Rabois stated that Kaz is the only suitable candidate
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