Opendoor’s Illusory Rebirth: A Market Mirage or a Step into the Abyss?
When retail investors-those impish rebels-conjured a rally that rivaled the spectral GameStop episode, one could almost hear the faint sound of angels crying over the chaos they wrought. As for the boardroom, there was no mercy for CEO Carrie Wheeler-ousted, like so many before her, in the wake of the storm stirred by activist investors. Now, the company seems to be at the mercy of the whims of a new captain. And yet, one wonders: will this new leader be the architect of Opendoor’s salvation or simply a mere figurehead in a collapsing house of cards?