Opendoor’s new CEO Nejatian shifts focus back to tech, not assets
Opendoor new CEO Kaz Nejatian said the company had started to view itself as an asset manager trying to predict the economy, losing sight of its software-driven roots. "Our leverage comes from engineers writing code," he said on a post-earnings call. Nejatian aims to refocus the firm on using AI and technology to simplify home buying and selling.