Latest news with #ShrishaRadhakrishna
Yahoo
16 hours ago
- Business
- Yahoo
As Opendoor CEO Carrie Wheeler Steps Down, How Should You Play OPEN Stock Here?
Opendoor (OPEN) shares closed higher on Friday after the digital real estate platform said Carrie Wheeler – its chief executive and chair of the board – is stepping down from both of her top roles. The online company that buys and sells residential property has already started looking for a new CEO. In the meantime, Shrisha Radhakrishna will serve as interim leader, its press release revealed on Aug. 15. More News from Barchart UnitedHealth Stock Soars as Warren Buffett's Berkshire Hathaway Discloses $1.57B Stake Apple CEO Tim Cook Says the Technology They're Developing Will Be 'One of the Most Profound Technologies of Our Lifetime' Palantir CEO Alex Karp Sees More Gains Ahead With America-Focused Growth Strategy, Calls U.S. The 'Leader of the Free World' Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Radhakrishna has so far been with OPEN as its chief of product and technology. Including today's surge, Opendoor stock is up nearly 550% versus its year-to-date low set in the final week of June. Is Wheeler's Departure a Positive for Opendoor Stock? Investors cheered Wheeler's departure today mostly because there have been several high-profile calls for her to step down from her leadership roles in recent days. Eric Jackson, the founder and president of EMJ Capital, for example, called her a 'clear distraction for the business' in his latest social media post, adding 'you have lost all confidence … and have put yourself above shareholder interest.' Before him, Opendoor co-founder Keith Rabois also wrote 'not even a single founder or executive supports Carrie as chief executive.' OPEN shares are now trading only slightly below their year-to-date high. Is It Worth Buying OPEN Shares at Current Levels? Note that Eric Jackson's aforementioned X post also claimed OPEN stock will gain if Carrie Wheeler stepped down as the Nasdaq-listed firm's top executive. In July, Jackson even dubbed Opendoor shares the next Carvana (CVNA), saying the California-based firm could eventually trade at over $80 per share, or more than 2,500% above its current stock price. Other notable names that share Jackson's optimism on OPEN shares include Anthony Pompliano, a famed crypto investor, who disclosed a sizable stake in the digital real estate platform earlier this week. Wall Street Remains Bearish on Opendoor Technologies Despite bullish recent commentary from the likes of Eric Jackson and Anthony Pompliano, Wall Street remains bearish on Opendoor stock for the back half of 2025. The consensus rating on OPEN shares currently sits at 'Hold' only with the mean target of $1.11 only indicating potential downside of more than 60% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
20 hours ago
- Business
- Yahoo
Opendoor stock pops 4% after CEO steps down following pressure from investors
Opendoor Technologies (OPEN) stock surged as much as 16% before trimming gains on Friday after the company announced that CEO Carrie Wheeler will step down, effective immediately. Shares closed 4% higher at $3.17 each, after chief technology and product officer Shrisha Radhakrishna was appointed as president and interim leader of the company. Opendoor, which uses iBuyer real estate technology to flip homes, said it was searching for a new CEO. Wheeler stepped into the CEO role in December 2022, replacing Eric Wu, one of the company's co-founders. Prior to that she served as CFO and board member of Opendoor. Since going public through a SPAC transaction in 2020, Opendoor has yet to post a profitable quarter. The company received a warning in May that it faced potential delisting from the Nasdaq after trading under $1 for more than 30 days. Shares have surged more than 200% in the past month, powered in part by Carvana (CVNA) turnaround spotter EMJ Capital and retail investors on Reddit's wallstreetbets, a haven for meme stocks. In mid-July EMJ Capital founder and president Eric Jackson announced that his firm was taking a long position in Opendoor. Public pressure for a leadership chage from Jackson and other shareholders have mounted in recent weeks. Even Opendoor co-founder Keith Rabois expressed desire for Wheeler to step down. "Not a single founder nor executive who built Opendoor to an IPO or billions of free cash flow or $18 B of market cap supports Carrie as CEO nor Pueo," said Rabois, also referring also referring to board member Pueo Keffer. Opendoor shares tanked 20% last Thursday following a disappointing earnings forecast on the heels of its quarterly results. "The communication on the earnings call from the CEO and the CFO was really awful," EMJ Capital's Jackson told Yahoo Finance last week. Year-to-date Opendoor shares are up roughly 100%. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 hours ago
- Business
- Yahoo
Opendoor stock pops 4% after CEO steps down following pressure from investors
Opendoor Technologies (OPEN) stock surged as much as 16% before trimming gains on Friday after the company announced that CEO Carrie Wheeler will step down, effective immediately. Shares closed 4% higher at $3.17 each, after chief technology and product officer Shrisha Radhakrishna was appointed as president and interim leader of the company. Opendoor, which uses iBuyer real estate technology to flip homes, said it was searching for a new CEO. Wheeler stepped into the CEO role in December 2022, replacing Eric Wu, one of the company's co-founders. Prior to that she served as CFO and board member of Opendoor. Since going public through a SPAC transaction in 2020, Opendoor has yet to post a profitable quarter. The company received a warning in May that it faced potential delisting from the Nasdaq after trading under $1 for more than 30 days. Shares have surged more than 200% in the past month, powered in part by Carvana (CVNA) turnaround spotter EMJ Capital and retail investors on Reddit's wallstreetbets, a haven for meme stocks. In mid-July EMJ Capital founder and president Eric Jackson announced that his firm was taking a long position in Opendoor. Public pressure for a leadership chage from Jackson and other shareholders have mounted in recent weeks. Even Opendoor co-founder Keith Rabois expressed desire for Wheeler to step down. "Not a single founder nor executive who built Opendoor to an IPO or billions of free cash flow or $18 B of market cap supports Carrie as CEO nor Pueo," said Rabois, also referring also referring to board member Pueo Keffer. Opendoor shares tanked 20% last Thursday following a disappointing earnings forecast on the heels of its quarterly results. "The communication on the earnings call from the CEO and the CFO was really awful," EMJ Capital's Jackson told Yahoo Finance last week. Year-to-date Opendoor shares are up roughly 100%. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Opendoor stock jumps after CEO exit, retail activists claim win
-- Opendoor Technologies Inc (NASDAQ:OPEN) shares jumped 9% Friday after Chief Executive Carrie Wheeler announced her resignation, capping weeks of escalating tension with a vocal cohort of retail investors. The move comes weeks into a sharp bout of volatility driven by surging retail enthusiasm and calls for more visionary leadership to match the company's AI ambitions. Shrisha Radhakrishna, previously Chief Technology & Product Officer, has been appointed interim head of the real estate platform as the company contemplates a broader leadership overhaul. Board member Eric Feder of LenX was named lead independent director, with executive search firm Spencer Stuart guiding the CEO selection process already underway. While Wheeler had recently attempted to re-engage shareholders, reviving a dormant social media presence and agreeing to her first public interview in years with popular entrepreneur and recent Opendoor investor Anthony Pompliano, she became a focal point of criticism from investors demanding bolder execution. The energy of that movement coalesced around EMJ Capital founder Eric Jackson, who led an online campaign that framed the company's moment as one of unprecedented upside, if paired with the right leadership. In comments made to Friday, Jackson called the resignation "wonderful news for shareholders," adding that he "fully supports" the move. 'But if standing between a 50¢ stock and an $82 one is what it takes — and shareholders want it — I'll saddle up again for OPEN,' Jackson originally wrote on X, calling for execution over financial engineering and sparking the initial surge in investor enthusiasm. He also urged the board to abandon short-term restructuring plans and embrace a long-term AI-driven transformation, contributing to the cancellation of a reverse-stock split once planned to satisfy Nasdaq's minimum bid price requirement. Despite signs of life on the engagement front, Wheeler seemingly failed to impress in time. 'I'm out on Carrie Wheeler. Next man or woman up,' Jackson said two weeks ago, highlighting growing disappointment with Wheeler's perceived lack of energy and participation. Wheeler's resignation appears to be a direct response to that pressure, underscoring a shift in leverage to retail activists who have turned Opendoor into what some are calling the first retail-led campaign to reshape a public company. Despite her six-year tenure as CFO and then CEO, recent criticism concentrated on her leadership style, with investors calling for a more energetic figure reminiscent of Palantir's Alex Karp to define and defend a disruptive narrative. Opendoor investor Randian Capital highlighted that sentiment following the company's earnings call, which left many shareholders frustrated. 'In a market that is increasingly dominated by retail investors, public company CEO's must be able to passionately articulate their visions for the future. Opendoor needs a CEO with the vision and charisma to execute on what we see as the largest AI opportunity hiding in plain sight.' Randian added: 'Someone in the mold of Alex Karp has the opportunity for the next great American comeback story.' In response to Friday's departure, Randian told "We thank Carrie for her service. The company needs a jolt of founder energy to restore its culture and vision. This event shows that retail is just as important a constituency as institutional investors." The fund further advocated for Opendoor co-founders Keith Rabois and Eric Wu to join the Board of Directors, a view widely supported by Opendoor's investor community. Rabois, managing director at Khosla Ventures, has been an outspoken critic of Wheeler, "She is utterly incompetent... Tech companies should never be led by CFOs," he wrote last month. To fix Opendoor, Rabois recently proposed replacing most G&A with AI, innovating buyer adoption with universally assumable mortgages, unlocking seller supply with a unique value proposition, eliminating agent partnerships to prioritize winning, implementing a "Buy It Now" feature for all listings, and removing RSUs for executives. New Lead Independent Director Feder, in the company's formal announcement, emphasized Opendoor's strong position to leverage its extensive data and unique assets in the AI-driven market, highlighting ongoing advancements in products like Cash Plus and Key Connections, while Radhakrishna underscored the company's commitment to not only refining existing offerings but also developing a platform to redefine residential real estate transactions. In the past three months amid the ongoing push, Opendoor shares have climbed more than 350%, buoyed largely by a grassroots investor base that sees significant promise in the iBuyer's data infrastructure and differentiated business model. As Radhakrishna steps into the interim role, the company now stands at the intersection of investor momentum and activist scrutiny, where the next CEO will be expected to deliver more than operational discipline. The moment calls for a compelling vision that can bridge short-term execution with long-term value creation. Related articles Opendoor stock jumps after CEO exit, retail activists claim win Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Tesla: Hype Aside, How Much Is the EV Giant Really Worth Now?
Economic Times
a day ago
- Business
- Economic Times
AT&T customers may get $7,500 in a $175 million settlement — see if you are eligible and how to file fast
Two Major Breaches Exposed Millions of AT&T Customer Records Live Events AT&T Data Breach Settlement Reached Who Is Eligible to File the AT&T Settlement Claim? How to File the AT&T Settlement Claim? How Much Can You Receive? Up to $5,000: If your data was compromised in the first breach (March 2024) and you can document losses from 2019 onward that are traceable to the breach, according to the report. Up to $2,500: If you were affected by the second breach (July 2024) and can show losses from April 14, 2024, or later, as per the CBS News report. Up to $7,500: If you were impacted by both breaches, you fall into what the settlement calls the 'overlap settlement class,' and may be eligible for the full combined amount, according to the CBS News report. FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Millions of AT&T customers could be eligible for payments of up to $7,500 as part of a sweeping $177 million legal settlement tied to two massive data breaches and the clock is ticking to file a claim, as per a breaches, which compromised sensitive personal data like Social Security numbers, birth dates, and call records, triggered widespread legal action and concern across the United States, according to CBS News. Now, impacted customers have a chance to get compensation, but only if they file claim by November 18, 2025, as per the first breach, which was publicly disclosed in March 2024, exposed the data of 73 million current and former AT&T account holders, according to the CBS News. Information from that breach, including names, SSNs, and other personal details, was later found circulating on the dark web, as per the CBS News months later, a second breach was revealed in July 2024, when hackers reportedly accessed AT&T data stored on a third-party cloud platform, according to the report. This incident affected "nearly all" AT&T wireless customers, leaking sensitive call and text records, as reported by CBS READ: Mystery Bitcoin investor turns $50 into millions with mind-blowing 59,999,900% return - here's his story Following public outcry and a flurry of lawsuits, the cases were consolidated into two class-action lawsuits, as per the report. On August 4, 2025, the settlement administrator, Kroll Settlement Administration, announced that a proposed settlement had been reached for $177 million, with $149 million earmarked for the first settlement class and $28 million set aside for the second settlement class, as reported by CBS News. A federal judge in Texas will decide whether to finalize the deal at a hearing on December 3, 2025, according to the READ: Opendoor CEO Carrie Wheeler quits suddenly, stock jumps 9% as Shrisha Radhakrishna steps in as new president If you were an AT&T past or present customer, whose data was exposed in either breach (or both), you may qualify to file for compensation, as per the CBS News are being emailed to affected customers from the email address "" but even if you didn't receive an email, you can check your eligibility or ask questions by calling the claims administrator directly at, as reported by CBS READ: 10 must-change iOS 18.6 settings that'll make your iPhone feel like day one again To receive compensation, you must submit a claim form no later than November 18, 2025 and the claims can be filed online at the official settlement website, according to the be aware that filing a claim waives your right to sue AT&T separately over these breaches, so read the terms carefully before proceeding, as per the CBS News per the CBS News report, customers must provide documentation showing that the losses they incurred are "fairly traceable" to the AT&T data READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? If your personal information was exposed in either the March or July 2024 breach, you may qualify, so, check your email or call the claims administrator to confirm, as per the CBS News could receive up to $7,500 if you were affected by both breaches and have valid documented losses.
