Meme-Darling Opendoor’s Shares Soar as Founders Rejoin Board

Opendoor Technologies Inc. shares surged 80% Thursday after announcing the return of its co-founders to the board and a new chief executive officer.

The advance marks the biggest one-day gain for the home-flipper turned meme stock on record — continuing its blistering 1,250% run up since mid-July — after the real estate company said co-founders Keith Rabois and Eric Wu will rejoin the board and named Shopify Inc.’s Kaz Nejatian CEO.