After 6 years at Shopify, I’m joining @Opendoor as CEO. Here is why: It is incredibly important that we use all of our energy and every modern tool at our disposal to build products that make home ownership easier. We must make the process of buying and selling a home less frictionful so more people do it. Home ownership isn’t just about a house. It’s about families and communities. The West has been built on the idea that ordinary people can stake a claim in their society, put down roots, and build a future. Renters move. Owners stay. That matters. Studies show homeowners vote more, volunteer more, and are more likely to invest in their communities. It’s not sentiment—it’s data. Homeowners report higher life satisfaction and health outcomes. They have higher trust in our institutions and stronger families. Ownership builds generational stability. Societies with broad-based property ownership are stronger. Alexis de Tocqueville saw it in America 200 years ago. Nothing has changed. Communities full of home owners are better communities. When people own, they maintain. Crime rates fall when ownership rises. Why? Because people guard what’s theirs. They police and take care of their neighborhoods, not out of fear, but pride. Ownership ties individuals to the fate of the community. Home ownership is about putting down roots. And these roots tie us together and make our world better. That is why the work to be done at Opendoor is so incredibly important. And that is why I believe we can build not just a successful company, but a generational company—one that empowers the promise of the West to be unlocked in the ways it was always intended. Today, Opendoor is the largest digital platform for residential real estate transactions, making it possible to buy, sell, and move at the tap of a button. We are 1% done along this journey! My experience at Shopify showed me what happens when you build a platform that unleashes innovation at scale. Shopify gave millions of entrepreneurs the tools to change their lives, their families, and their communities. That platform mindset is what I hope to bring to Opendoor—to build a platform for homeownership, one that unlocks opportunity for millions of families and strengthens the fabric of society. And that is why I am so incredibly proud that I get to support this team in our mission to use every tool at our disposal to make selling, buying, and owning a home easier. AI gives us the chance to accelerate this work in ways never before thought possible. From simplifying the process of buying and selling, to unlocking personalized pathways to ownership, AI can help millions of families access homes more efficiently, more affordably, and more transparently than ever before. This is a once-in-a-lifetime opportunity to redefine what’s possible in real estate.

Hello Boston, Cincy and Albuquerque! We’re now available in your neck of the woods and in 50 markets across the country. Looking to move? Buying, selling and moving with Opendoor is simple, certain and fast. opendoor.com/w/blog/opendoor…

Today, we’re expanding our footprint into the Northeast and launching in New Jersey and New York. Now residents across 15 counties and 450 ZIP Codes will have a simple, fast and certain way to sell their home with Opendoor bit.ly/3J5OQmT

Today, we’re coming full circle by launching one of our largest markets to date right here at home in the San Francisco Bay Area. Now, Northern California homeowners have a simple, fast and certain way to sell their home with Opendoor.

As of today, Opendoor services customers in 44 markets across the U.S. — doubling our market footprint in less than a year. 🏡 We look forward to helping homeowners in the D.C. area, Columbus and Cleveland. bit.ly/3Ab8fiJ

We’re growing! Skylight and Pro.com are joining the Opendoor family and will help us drive continued growth and innovation for our customers. opendoor.com/w/blog/welcomin…

We recently reached 100,000 customer transactions! To celebrate this milestone, our CEO @ericwu01 spoke with the Petitto family to hear about their experience selling to Opendoor. bit.ly/2UAyNue

As of today, Opendoor is now available in more than 40 markets around the US. 🎉 We’re excited to give homeowners in Birmingham, AL and Indianapolis & Columbus, IN a simple, certain and fast way to sell their home 🏡. bit.ly/3wLqdWB

We’re excited to celebrate 2 big milestones today: reaching 100,000 customer transactions and launching 6 new markets this month. 🎉 Learn more about how we’re empowering people in 39 markets across America to buy and sell their homes with Opendoor. 🏡 bit.ly/35nNuCM

We’re pleased to welcome @mcieri as our new Vice President of Product for Buyer. bit.ly/32MBYiX

Today, we’re bringing iBuying to homeowners in St. Louis, Missouri for the first time. 🏡 We’re also expanding our presence in South Carolina and Texas, now reaching 30 markets across the U.S. Read more at the link below ⬇️ bit.ly/3a8aTL6

We’re pleased to welcome Shannon Hodges as our new Vice President of Sales & Support. bit.ly/3dGunY9

We’re thrilled to welcome @MLTJohnRice as the newest member of Opendoor’s Board of Directors. bit.ly/3bXrTow

Today we announced our financial results for the fourth quarter and full year of 2020. The business exceeded prior expectations and is showing strong momentum. bit.ly/3kKCR3D

Today, we launched 💸 cash-backed offers, a new benefit that empowers buyers with a competitive edge to place a strong offer and help win the 🏡 of their dreams. ☁️ bit.ly/3qawg3p