This is not a SFW instance. NSFW communities will be tagged, and efforts will be made to keep SFW communities clean, but proceed at your own comfort level.
Vishal Garg is fighting to reclaim Better’s CEO job after his Aug. 3 ouster, saying the company was nearing a turnaround and profitability after losses.
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.
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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.
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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That’s, uhhh, quite a drop.
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.
They peaked at $8 Bn during the pandemic, too