Vishal Garg’s stock tanks after SPAC combination brings it to the public markets

Shares of are getting hammered into the ground Thursday morning after the digital mortgage company completed its long-delayed SPAC merger and began to trade as a public company for the firs

As readies for its public debut, CEO Vishal Garg says he went through ‘a lot of leadership training’

Online mortgage lender is making its public debut Thursday on the Nasdaq Capital Market under the ticker symbols “BETR” and “BETRW.”  After merging with SPAC Aurora Acquisition Cor

SEC ends investigation into, which continues to bleed cash ahead of planned SPAC vote

The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender The pronouncement comes after an investigation

Inside the human cost of’s brutal layoffs

Digital mortgage lender continues to lay off staff, and seemingly in as callous a way as possible. Indeed, whereas most companies try to avoid repeated layoffs, the outfit — which gai is still trying to proceed with its SPAC deal

Digital mortgage lender, which began making plans to go public via a SPAC in May 2021, has confirmed that it intends to move forward with its planned public debut, despite lackluster perfor

Former exec alleges company misled investors ahead of SPAC

One of’s former executives has filed a lawsuit against the online mortgage lender, alleging that the company and its CEO Vishal Garg misled investors when it attempted to go public via a

Daily Crunch: CEO Vishal Garg says he’s on the hook for $750M SoftBank loan

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The half-billion-dollar profit swing that led to’s myriad layoffs

An S-4 filing from Aurora Acquisition Corp., the SPAC that digital mortgage provider intended to merge with, provides stark details about the latter company’s financial performance. The f said to be planning third round of layoffs

Digital mortgage company is gearing up for another round of layoffs, multiple sources with knowledge of internal happenings at the company have told TechCrunch. This time, the company is be

Daily Crunch: Tata Group releases ‘super app’ that bundles 11 consumer services

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‘We probably pissed away $200 million,’ CEO told employees in layoffs meeting

When CEO Vishal Garg laid off 900 employees, or about 9% of the company’s staff, in early December, the startup world was shocked by his callous delivery. Now a video of Garg and CFO Kevi

TechCrunch+ roundup: ‘Valuation reset,’ spiking crypto losses, US insurtech meltdown

Has it ever been your responsibility to tell someone else that their job has been eliminated? I have, and it's one of the most difficult things I've ever done at work. loses more senior execs as employees brace for another mass layoff

Things are getting worse at Better. More executives have resigned from nearly three months after the online mortgage lender laid off 900 employees via Zoom and as the company prepares for m loses more top execs in wake of Vishal Garg’s return as CEO

The exodus of executives at continues. TechCrunch has learned that Sarah Pierce, who served as executive vice president of customer experience, sales and operations, and Emanuel Santa-Dona CEO Vishal Garg returns to work amid controversy regarding his leadership

After a month-long “break,” CEO Vishal Garg is back at the helm of the mortgage tech company he co-founded in 2016, according to an internal memo that circulated today that has been sha

How does former CEO Vishal Garg still have a job?

With everything that has gone down at over the past 18 months, many of us are scratching our heads in wonder that CEO Vishal Garg remains employed. CEO Vishal Garg steps back as employees detail how he ‘led by fear’

Looks like CEO Vishal Garg’s behavior is catching up to him. This morning, employees were notified via email by the Better board of directors that Garg would be taking time off effective CEO Vishal Garg apologizes to current employees for ‘blundering’ of mass layoffs; SPAC delayed CEO Vishal Garg apparently realizes he’s done wrong. (As if the barrage of negative publicity wasn’t enough evidence of that.) Today, a letter to current employees was leaked on Blind b’s PR, comms, marketing heads submit resignations in wake of layoffs fiasco continues to find new ways to make itself look bad. This week, sources familiar with internal happenings within the company told TechCrunch the company’s VP of communications, Patrick Len acquires UK-based Property Partner ahead of SPAC close

The deal could give Better a way to augment its lending business with the potential to enable fractional ownership of properties in the U.S. and other markets.
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