Vishal Garg
Better.com’s stock tanks after SPAC combination brings it to the public markets
Shares of Better.com 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…
As Better.com readies for its public debut, CEO Vishal Garg says he went through ‘a lot of leadership training’
Online mortgage lender Better.com is making its public debut Thursday on the Nasdaq Capital Market under the ticker symbols “BETR” and “BETRW.” After merging with SPAC Aurora Acquisition Corp., the…
SEC ends investigation into Better.com, 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 Better.com. The pronouncement comes after an investigation on the…
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Inside the human cost of Better.com’s brutal layoffs
Digital mortgage lender Better.com 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 gained notoriety by laying off about 900 employees over Zoom on December 1, 2021 — has since been laying off smaller groups very systematically,…
Better.com is still trying to proceed with its SPAC deal
Digital mortgage lender Better.com, 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,…
Former Better.com exec alleges company misled investors ahead of SPAC
One of Better.com’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…
Daily Crunch: Better.com 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 Better.com’s myriad layoffs
An S-4 filing from Aurora Acquisition Corp., the SPAC that digital mortgage provider Better.com intended to merge with, provides stark details about the latter company’s financial performance. The filing —…
Digital mortgage company Better.com 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…
Daily Crunch: Tata Group releases ‘super app’ that bundles 11 consumer services
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‘We probably pissed away $200 million,’ Better.com CEO told employees in layoffs meeting
When Better.com 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 Kevin Ryan addressing the remaining employees right after the chief executive performed those layoffs has emerged, confirming many reports of…
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…
Better.com loses more senior execs as employees brace for another mass layoff
Things are getting worse at Better. More executives have resigned from Better.com nearly three months after the online mortgage lender laid off 900 employees via Zoom and as the company…
Better.com loses more top execs in wake of Vishal Garg’s return as CEO
The exodus of executives at Better.com continues. TechCrunch has learned that Sarah Pierce, who served as executive vice president of customer experience, sales and operations, and Emanuel Santa-Donato, who was senior…
Better.com CEO Vishal Garg returns to work amid controversy regarding his leadership
After a month-long “break,” Better.com 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…
How does former Better.com CEO Vishal Garg still have a job?
With everything that has gone down at Better.com over the past 18 months, many of us are scratching our heads in wonder that CEO Vishal Garg remains employed.
Better.com CEO Vishal Garg steps back as employees detail how he ‘led by fear’
Looks like Better.com 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…
Better.com CEO Vishal Garg apologizes to current employees for ‘blundering’ of mass layoffs; SPAC delayed
Better.com 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…
Better.com’s PR, comms, marketing heads submit resignations in wake of layoffs fiasco
Better.com 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 Lenihan;…
Better.com 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.
Mortgage is suddenly sexy as SoftBank pumps $500M in Better.com at a $6B valuation
Digital mortgage lender Better.com has raised a $500 million round from Japanese investment conglomerate SoftBank that values the company at $6 billion. The financing is notable for a few reasons.…
A16Z-backed Shift.org announces veterans hiring pipeline partnership with Better.com
While across much of Asia, November 11th is either “singles day” (a $38 billion Alibaba extravaganza this year) or Pepero Day (named because 11/11 looks like a bunch of chocolate…
