Overview

• Shares jumped about 30% in extended trading and climbed more than 35% premarket to roughly $7.92, the highest level since 2022.
• Co-founders Keith Rabois and Eric Wu rejoined the board, with Rabois named chairman and Eric Feder continuing as lead independent director.
• Opendoor said directors Pueo Keffer and Glenn Solomon departed as part of the board changes.
• Shopify disclosed that Nejatian’s last day there is Friday, with his responsibilities to be absorbed by its executive team.
• Company statements and coverage emphasized an AI-first, founder-led turnaround, and Sherwood News reported the company said Wu and a Rabois-affiliated firm will buy $40 million of stock via a PIPE.