Opendoor CEO Carrie Wheeler expressed gratitude for investors’ enthusiasm as stock soared. After a recent plunge, Opendoor canceled plans for a reverse split to maintain Nasdaq listing. Revenue dropped significantly but hedge fund manager Eric Jackson remains optimistic about Opendoor’s potential growth. Opendoor shifts focus to a less capital-intensive referral business model.

Read more at CNBC: Opendoor Q2 earnings report, CEO thanks new investors in meme craze