Opendoor Technologies, Inc. (NASDAQ:OPEN) shares surged on Friday as the market reacted to a fourth-quarter earnings report that comfortably exceeded analyst expectations.
- OPEN stock is up after earnings. See the price action here.
Investors were set on fire by CEO Kaz Nejatian‘s “wartime” rhetoric and his bold claim that the iBuyer has undergone a radical technological rebirth.
Opendoor is “AI-Pilled”
During the company’s earnings call, Nejatian signaled a total departure from the company’s previous operational model.
“Opendoor 2.0 is the single most AI-pilled company in the public market,” Nejatian declared.
He clarified that this is a fundamental shift in personnel and culture.
“When I say we default to AI, I don’t mean engineers use Copilot. That’s not what I mean. Opendoor is a different type of company. It’s a company where everyone, everyone is learning how to think like an engineer.”
The results of the lean, “AI-first” philosophy are …