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.
  • jqubed@lemmy.worldEnglish
    14·
    2 months 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.

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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.