Overview

• Carrie Wheeler resigned as CEO and board chair effective immediately, agreeing to advise the board through year-end 2025 to ensure a smooth transition.
• Shrisha Radhakrishna, Opendoor’s former chief technology and product officer, was promoted to president and interim principal executive officer.
• The board elected Eric Feder, president of LenX, as lead independent director to oversee governance and a formal CEO search.
• Opendoor’s shares remain highly volatile, with retail and social-media momentum driven by endorsements from hedge-fund manager Eric Jackson and influencer Anthony Pompliano.
• The company’s modest Q2 adjusted-EBITDA gain was overshadowed by weak Q3 revenue guidance of $800 million to $875 million and a forecasted EBITDA loss, prompting analyst downgrades.