OPEN Stock Slips After First-Ever Buyback Cuts Share Count 5%, CEO Says ‘I’m All In’
“The company is putting its money where its mouth is. Tomorrow, I will too,” Opendoor CEO Kaz Nejatian wrote in a post on X. The company funded the transaction through a $650 million convertible debt offering carrying a 0% coupon. The company used roughly $158 million of the proceeds to buy back its own shares. … Read more