Special Offer: Try The Information for $10.

Org Charts
Real Estate Markets Economy

The People With Power at Opendoor

Six-year-old Opendoor ushered in a new era in residential real estate when it launched a website that allowed people to sell their homes online. While Opendoor still accounts for only a tiny portion of U.S. home sales, its business has grown rapidly and spawned numerous imitators, all betting that consumers will be willing to pay a premium to simplify what traditionally has been a drawn-out and fraught process.

But as Opendoor nears completion of a deal to go public, it has made significant changes to its senior executive ranks as it faces concerns about a lack of profits and long-term risks tied to the housing market. In recent months, Opendoor has hired executives from financial giants TPG, BlackRock and KKR for C-suite positions previously held by tech industry veterans. The new team will have to figure out how to gel while reigniting the business after the pandemic sharply curtailed activity this spring. Our org chart lays out the new power structure at the company.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Opinion Facebook
How to Curb Tech Executives’ Power
How to Curb Tech Executives’ Power
This is the month that net neutrality died. But maybe, if we strengthen other checks on the power of tech and telecom company executives, we don’t need to mourn its loss. I believe the inevitable outcome of the horrifying political violence on January 6 is that content noninterference will soon become a fringe position. With each new incident of violence, calls for deplatforming by...
Latest Briefs
 
Facebook to Integrate Reliance’s JioMart Into Whatsapp in India
Samsung Heir Sent Back to Prison in Bribery Case
Southeast Asia’s Grab Considers U.S. IPO This Year
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
How Blocking Trump Puts the Future of the Internet at Risk
Modest Proposals Policy Facebook
How Blocking Trump Puts the Future of the Internet at Risk
The move by social networks to deplatform President Trump last week was the right call. In reality, he left Facebook and Twitter no other choice.
The Information’s Return to the Office Tracker
Startups COVID-19
The Information’s Return to the Office Tracker
Of the companies most opposed to continuing remote work after the pandemic fades, Netflix stands out for the intensity of its stance.
Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation
Exclusive
Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation
Zapier isn’t a household name outside Silicon Valley, but the world’s top venture capitalists have long been trying to own a piece of the booming enterprise software firm.
Apple Plans Podcasting Subscription Service in Threat to Spotify
Exclusive Media/Telecom Entertainment
Apple Plans Podcasting Subscription Service in Threat to Spotify
Apple—long considered the sleeping giant in the podcast space—is waking up. The company, which runs the most widely used podcasting app in the industry, is discussing launching a new subscription service that would charge people to listen to podcasts, according to people familiar with the matter.
Snap Names New Content Leader in Push to Counter TikTok
Exclusive Media/Telecom Google
Snap Names New Content Leader in Push to Counter TikTok
Snap has promoted executive Ben Schwerin to be its new senior vice president of content and partnerships, a move that signals the company’s ambitions to compete more aggressively with TikTok and to cut more deals with media companies and app developers.
Meet the Former Googler Trying to Make VMware Cool to App Developers
The Big Interview Enterprise Cloud
Meet the Former Googler Trying to Make VMware Cool to App Developers
When Craig McLuckie was a product manager at Google several years ago, he helped create Kubernetes, software that later became a widely used open-source tool for managing some of the most demanding online applications.