Better.com

Better.com is an online mortgage originator company headed by chief executive officer Vishal Garg.[1][2] The company is backed by Softbank and Novator, and in 2020, secured a US$4 billion valuation.[3]

The company has gained high profile coverage for its quick rise and is planning to go public via a SPAC merger before the end of 2021. The deal would value the company at around $6.9 billion[4][5]

On December 6, 2021, a video of Garg laying off 900 employees by videoconference and locking out their devices became widely disseminated.[6] The company is headquartered at 3 World Trade Center in Lower Manhattan.[7]

After much criticism, Garg decided to take time off from the company.[8]

References
  1. Business, Ramishah Maruf, CNN. "Better.com CEO fires 900 employees over Zoom". CNN.
  2. "Vishal Garg: US boss fires 900 employees over Zoom". BBC News. December 7, 2021.
  3. "Better.com's morale and SPAC merger success in question after CEO's unruly comments". Fortune. Retrieved December 7, 2021.
  4. Jeans, David. "Mortgages, Fraud Claims And 'Dumb Dolphins': A Tangled Past Haunts Better.com CEO Vishal Garg". Forbes. Retrieved December 7, 2021.
  5. "Better.com gets $750M cash infusion in new agreement with its SPAC backers". TechCrunch. Retrieved December 9, 2021.
  6. Graziosi, Graig (December 6, 2021). "Who is Vishal Garg, the CEO that fired 900 employees over Zoom call?". The Independent. Retrieved December 7, 2021.
  7. "Contact US". Better.com. Retrieved December 7, 2021.
  8. https://www.nytimes.com/2021/12/10/business/economy/better-ceo-zoom-firing.html


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