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The CEO who fired 900 people on Zoom just before Christmas wants his job back (townflex.com)
submitted 2 months ago by to c/nottheonion@lemmy.world
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[–] 17 points 2 months ago (3 children)

Better [Home & Finance] later faced a whistleblower lawsuit that was dropped, a Securities and Exchange Commission investigation that produced no action, and a disastrous 2023 SPAC merger. The company’s stock fell 93% after the merger, while losses continued to mount.

[…]

Better’s annual sales dropped from $1.5 billion in 2021 to $70 million in 2023. Garg says the company is now on track for $200 million in sales this year.

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  • [–] 4 points 2 months ago (2 children)

    That's, uhhh, quite a drop.

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  • [–] 2 points 2 months ago

    Better grew into a booming refinance market and did not have a gameplan for a return to "organic" home sale volumes. Having been on some of "those" zoom calls; Vishal comes off as a coked up, egotistical clown. He gives the vibe of projecting an air of being a sommelier but instead of wine it's just him in a closet wafting farts.

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