OPENDOOR CEO RESIGNS FOLLOWING INVESTOR PRESSURE CAMPAIGN

Summary from the TLDR Founders newsletter

Opendoor CEO Carrie Wheeler resigned following investor pressure after failing to reassure a turnaround in the company's quarterly earnings report. Hedge fund manager Eric Jackson, a vocal critic, and co-founder Keith Rabois influenced the decision. Opendoor named CTO Shrisha Radhakrishna as interim leader while searching for a new CEO, as the stock rose significantly since its June low.