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The Latest Breaking News from Keith Rabois

What's Going On With Opendoor Technologies (OPEN) Stock?

Opendoor Technologies Inc (NASDAQ:OPEN) shares are rallying Monday, continuing a turbulent but bullish trend from last week. The stock is trading higher Monday, building on a five-day gain of over 50% that saw its price climb from around $6 to over $9 per share.

Benzinga

Opendoor Chairman Declares War on Remote Work and DEI — Threatens to Fire Over 1,000 Employees

Keith Rabois, Opendoor's chairman, declared war on remote work and DEI, vowing to cut up to 85% of the staff. His return, alongside new CEO Kaz Nejatian, followed a campaign to oust the former chief executive.

International Business Times UK

Eric Jackson Rejects 'Roaring Kitty' Label: OPEN 'Isn't A Meme Stock. It's A Cult Stock,' Unlike GME

Eric Jackson, founder of EMJ Capital, has pushed back on comparisons to legendary GameStop Corp. (NYSE:GME) retail investor “Roaring Kitty,” asserting that his conviction in Opendoor Technologies Inc. (NASDAQ:OPEN) stems from fundamental value rather than internet virality.

Benzinga

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Eric Jackson Taps Drake For Celebrity Marketing To Fuel Opendoor's Growth Following Leadership Overhaul

Hedge fund manager Eric Jackson targets Canadian rapper Drake as a catalyst for Opendoor Technologies Inc. (NASDAQ:OPEN). Jackson filmed promotional videos outside Drake’s Toronto home, urging celebrity investment in the “OPEN Army.”

Benzinga

Opendoor Chairman Keith Rabois Calls Company 'Bloated,' Says Only 200 Of 1,400 Employees Needed: Promises Merit-Driven Overhaul

Returning to the Opendoor Technologies Inc. (NASDAQ:OPEN) board as chairman, Keith Rabois outlined a sweeping plan to slash the workforce and overhaul the company's culture.

Benzinga

Heavy Options Trading on Opendoor Raises Bullish-Bearish Debate

Opendoor shares surged 80% after naming Shopify’s COO as CEO, with options volume triple the daily average. Its stock had 44 unusually active calls and 41 puts, underscoring a sharp bullish-bearish divide on the company’s outlook.

Barchart

Opendoor, Super Micro, Adobe, Tesla And Rezolve AI: Why These 5 Stocks Are On Investors' Radars Today

All major U.S. stock indices, including the SP 500 and Nasdaq 100, soared to new heights on Thursday. Investors flocked to riskier assets, driven by expectations of imminent interest rate cuts. Despite concerning economic indicators like rising inflation and increased jobless claims, market participants anticipate the Federal Reserve will focus…

Benzinga

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Opendoor brings back its founders and welcomes a new CEO from Shopify—who could earn $2.8 billion if he sends the stock soaring

If Kaz Nejatian can clear all the performance hurdles in his compensation package, he’ll own 11.6% of the tech company.

Fortune

Opendoor Returns To 'FounderMode'—Stock Soars

Opendoor Technologies, Inc. (NASDAQ:OPEN) shares soared Thursday morning as investors celebrated a new CEO and return of the company's co-founders to its board of directors.

Benzinga

'Let The Shorts And Sellers Play Their Games' - Opendoor Stock Ringleader Eric Jackson Convinced Shares Will More Than 100x From Their Current Price

Eric Jackson, the founder of EMJ Capital Ltd., has stirred up a stock rally in Opendoor Technologies (NASDAQ:OPEN) that is reminiscent of Gamestop's (NYSE:GME) 2021 meme-fueled surge. He has led the rally on X and generated plenty of fanfare along the way

Benzinga

Eric Jackson Calls Opendoor CEO Remarks Offensive, Tells Carrie Wheeler It Was Retail Investors That Saved Her Company From 'Brink Of Self-Immolation'

Investor Eric Jackson, who ignited Opendoor Technologies Inc.’s (NASDAQ:OPEN) 874% rally last month, is now publicly criticizing the company’s CEO, Carrie Wheeler, going as far as to call for her replacement.

Benzinga

As crypto comes roaring back, Khosla Ventures’ Keith Rabois is making a bet on Bitcoin lending

Lava has raised $10 million in funding led by Khosla and Founders.

Fortune

Billionaire Citadel founder Ken Griffin says employers won't go the 'extra distance' to keep hybrid workers on the payroll: 'It's an email to all ... and goodbye'

Citadel founder Ken Griffin says managers are less likely to fight for remote and hybrid workers in a layoff process.

Fortune

4 takeaways from Fortune Brainstorm Tech conference

From Florida politics to Microsoft’s new version of Bing, here’s what you shouldn’t miss.

Fortune

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Fortune

Keith Rabois: DeSantis policies 'should be copied in every state'

Keith Rabois, who moved from Silicon Valley to Miami a few years ago, said the state is a 'safe' place for everyone, despite DeSantis' controversial anti-LGBTQ+ policies.

Fortune

Musk says 'babies got thrown out with the bathwater' when he was axing Twitter jobs

The social media platform's owner even admitted he'd like to rehire some of his former talent.

Fortune

'Penned' tech specialists are earning six-figure salaries to 'do nothing' and string out 10-minute tasks

Vanity hiring and task bloating aren't exclusive to Big Tech—developers in the finance industry say they too get massive paychecks for barely any work.

Fortune

American investors shouldn’t be ‘arming the enemy’ by helping China create its own version of OpenAI, warns top VC Keith Rabois

A slew of Chinese startups are racing to become their nation’s answer to OpenAI.

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Fortune

Former Meta employee says staff were 'hoarded like Pokémon cards'

"It puts you in the position where it's really difficult to get another job," ex-employee Brit Levy said. "It's a tradeoff and it sounds great, but it's going to really screw up people's careers."

The Independent UK

CEOs accuse tech workers of doing ‘fake’ work as layoffs roil industry

The CEO accused tech companies of predatory hiring and said laid-off employees were only attending meetings

Fortune

PayPal mafia veteran Keith Rabois thinks Google hired engineers to do 'fake work'

The PayPal Mafia veteran claimed new hires were given "fake work", adding that mass layoffs seen in the sector are overdue.

Benzinga

Musk Friends And Billionaires Top Twitter's Subpoena In Latest Trial Twist: Palihapitiya, Palantir Founder Among Targets

A new subpoena from Twitter Inc (NYSE: TWTR) is requesting information from friends of Elon Musk in the battle between the social media platform and Tesla Inc (NASDAQ: TSLA) over a proposed $44 billion

Tribune News Service

Elon Musk’s ultimatum to Tesla execs: Return to the office or get out

The world’s richest man has had it with this whole working-from-home business.

The Independent UK

Elon Musk, an erratic visionary, revels in contradiction

Many people are puzzling what a Elon Musk takeover of Twitter would mean for the company and even whether he’ll go through with the deal

People

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