Opendoor Technologies Inc. Announces Resignation of Eric Wu as President, Marketplace and from the Board, Effective January 1, 2024

Opendoor Technologies Inc. provides a digital platform for residential real estate transactions. By leveraging software, data science, product design and operations, the Company is building a technology platform for residential real estate that offers buyers and sellers a digital, on-demand experience. Its products include Sell to Opendoor, List with Opendoor and Opendoor Marketplace. Sell to Opendoor enables sellers to utilize its core product offering to sell their home directly to it, and it resells the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repair coordination, overlapping mortgages, and the uncertainty that can come with listing a home on the open market. Its capital-light marketplace offering connects home sellers with both institutional and retail buyers, facilitating transactions without Opendoor taking ownership of the home. Its listing product is available in 17 Opendoor markets.