Core Insights - Opendoor's stock surged over 75% following the announcement of Kaz Nejatian, former COO of Shopify, as the new CEO, marking the stock's rise above $10 for the first time since early 2022 [1][4] Leadership Changes - Kaz Nejatian has been appointed as CEO, replacing Carrie Wheeler, who stepped down amid investor pressure [1][2] - Co-founder Keith Rabois has been named chairman of the board, and Eric Wu has been reappointed to the board after leaving in 2022 [2] Market Performance - The stock price of Opendoor has increased by more than 840% over the past six months, recovering from a low of below $1 in April [4] - The company reported its first quarter of positive adjusted EBITDA in Q2, indicating a potential turnaround [4] Strategic Vision - Nejatian aims to leverage AI-powered technology and new strategies, such as partnerships with traditional brokers, to enhance market share and profitability [5] - He expressed a vision of building a platform for homeownership that unlocks opportunities for families [6]