Opendoor (OPEN) plunges after Q3 miss as new CEO pivots to “AI company,” unveils tradable-warrant dividend — Nov 7, 2025
Opendoor Technologies Inc. (NASDAQ: OPEN) shares tumbled on Friday after the home‑selling platform posted a wider third‑quarter loss, guided to softer near‑term margins, and rolled out an unusual “shareholder‑first” dividend of tradable warrants. New CEO Kaz Nejatian—in his first earnings update—framed the company’s turnaround as a software- and AI‑led reboot aiming for break‑even Adjusted Net Income by the end of 2026. GlobeNewswire Stock reaction: steep selloff into the open OPEN fell roughly 20% in pre‑market trading as investors digested the results and new guideposts; the stock appeared among Friday’s biggest movers lists and live market blogs. Barron’s+1MarketWatch separately highlighted Nejatian’s