Teke Wiggin

In a move that could put thousands of realtors out of business, Opendoor CEO Eric Wu said he hopes to offer his service for free. Speaking at Techonomy 2018, Wu charted a roadmap that includes driving down real estate commissions, doubling Opendoor’s market share every year, perfecting a “self-service” experience for buyers and sellers, and potentially providing its technology to homes “outside its network.”

The sheer scale of the American real estate industry helps explain why so many tech innovators want to overhaul the business. (From the latest Techonomy Magazine)