Opendoor named former Shopify executive Kaz Nejatian as CEO and co-founder Keith Rabois as chairman, according to CNBC. Shares jumped 30 in extended trading and have risen more than fifteenfold since their June low. The company's market cap has surged to nearly $6 billion after-hours, up from under $400 million less than three months ago. Nejatian oversaw Shopify’s product division and served as COO and will depart the Canadian e-commerce firm on September 12th. The leadership shake-up follows CEO Carrie Wheeler’s resignation last month after investor pressure, including from Rabois and hedge fund manager Eric Jackson. The company. went public via SPAC in 2020. It uses technology to buy and sell homes and has recently gained meme stock status.