Shares of Opendoor Technologies Inc rose 9 percent on Friday, according to investing.com. This was reported by Zamin.uz.
This increase occurred after the announcement of CEO Kerry Wheeler's resignation. Her departure followed weeks of tension with retail investors.
Shrisha Radhakrishna, the director of technology and products, was appointed as interim manager. At the same time, Erik Feder joined as independent chairman.
The process of selecting a new CEO is being conducted by Spencer Stuart. Investors expect the new leader to fully leverage artificial intelligence capabilities, develop a large database, and innovative products to take Opendoor to a new level.
These changes aim to enhance the company's competitiveness and strengthen confidence among market participants.
