After overseeing significant losses at Opendoor in 2022, Wu stepped down from his CEO role at Opendoor and moved to president of marketplace. He remains on the board he co-founded in 2014 and lead until late in 2022. The company became the nation’s undisputed iBuying leader under his leadership and announced bold initiatives such as Opendoor Exclusives, where the company sells its real estate inventory directly to consumers (currently testing in three Texas markets).