Opendoor, a real estate business led by CEO Carrie Wheeler, has experienced remarkable fluctuations in its stock prices. After falling off the Fortune 500 list, Opendoor's shares rose over 400% recently but only reached $2.88 per share. The company faced near delisting from the Nasdaq and struggles post-pandemic. While some investors express optimism about Opendoor, criticism towards Wheeler's leadership has surfaced from prominent figures. Concurrently, female representation in CEO roles remains a challenge in the meme stock arena, alongside other companies like AMC and Kohl's.
Opendoor's shares were up more than 400%-which still places its stock price at just $2.88 as of yesterday's market close.
Investor Keith Rabois, who was a force behind the launch of the company a decade ago, has been openly questioning Wheeler's competence and calling for a new CEO.
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