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[-] jqubed@lemmy.world 19 points 2 days ago

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.

[-] p03locke@lemmy.dbzer0.com 4 points 2 days ago
[-] ElChinchilla@lemmy.world 2 points 16 hours 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.

[-] FiniteBanjo@feddit.online 2 points 2 days ago

They peaked at $8 Bn during the pandemic, too

this post was submitted on 15 Aug 2026
202 points (99.0% liked)

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