The executives for Better Home & Finance Holding Company (NASDAQ: BETR) have likely seen better days, but then again their former employees had too before some were fired over a Zoom call shortly
Scott Rosenthal/Wikimedia Commons Share prices for the mortgage lender Better.com tanked Thursday, hours after the company went public and nearly two years after CEO Vishal Garg unceremoniously laid off hundreds of employees via Zoom. By Friday morning, shares were trading at a more than 90 percent discount.The crash was not entirely unexpected for Better, which built its business on lightning-fast home loans during the millennial home-buying spree that was the coronavirus pandemic. When the com
Shares in online mortgage lender
Better s new public listing plummeted on Thursday as
investors fretted over record-high mortgage rates. Better, whose stock was down 92% at $1.33 in.