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Opendoor CEO resigns following investor pressure campaign

Opendoor CEO Carrie Wheeler said Friday that she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price

Opendoor stock pops 10% as CEO resigns following investor pressure campaign

Opendoor shares popped about 10% on Friday after CEO Carrie Wheeler said she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price that put the company at risk

Finding Peter Putnam

The neighborhood was quiet. There was a chill in the air. The scent of Spanish moss hung from the cypress trees. Plumes of white smoke rose from the burning cane fields and stretched across the skies of Terrebonne Parish. The man swung a long leg over a bicycle frame and pedaled off down the street. It was 1987 in Houma, Louisiana, and he was headed to the Department of Transportation, where he was working the night shift, sweeping floors and cleaning toilets. He was just picking up speed when