Story perspectives

Shopify COO Kaz Nejatian Named CEO of Opendoor

9/10/2025

43 5

Summary

Story summary

Kaz Nejatian, COO of Shopify, will become CEO of Opendoor Technologies, valued at $4.3 billion and focused on AI-driven residential real estate transactions.
He joined Shopify in 2019, became COO in 2022, and was noted for improving merchant services.
In 2024, Nejatian earned an $800,000 salary and $64.5 million in stock options.
He has connections to True North, a right-wing media outlet, which faced backlash for a controversial interview.
Shopify recently closed equitable commerce groups supporting diverse entrepreneurs, which Nejatian managed.

1 of 1

Story summary

Kaz Nejatian, COO of Shopify, will become CEO of Opendoor Technologies, valued at $4.3 billion and focused on AI-driven residential real estate transactions.
He joined Shopify in 2019, became COO in 2022, and was noted for improving merchant services.
In 2024, Nejatian earned an $800,000 salary and $64.5 million in stock options.
He has connections to True North, a right-wing media outlet, which faced backlash for a controversial interview.
Shopify recently closed equitable commerce groups supporting diverse entrepreneurs, which Nejatian managed.