Shares of Better — whose CEO fired 900 workers on a Zoom call — slumped 93% on their first day of trade

Mon, 08/28/2023 - 12:09

Better CEO Vishal Garg is smiling in a white collared shirt and a blue suit jacket in front of a blurred purple background. — Shares of Better.com slumped as much as 95% on their first day of trade.
Better

Shares of online mortgage lender Better slumped 93%
The shares plunged at the opening bell. They fell so quickly that trading was halted four times in the first 30 minutes.
Better CEO Vishal Garg brutally laid off 900 employees via a Zoom call in 2021.

Better had an awful debut on the Nasdaq on Thursday. Better Home & Finance — a newly formed mortgage origination company following a SPAC combination with Aurora Acquisition Corp. — plummeted 93% in its first day of trading.

Shares fell so quickly that trading was halted four times in the first 30 minutes, Insider's Alex Nicoll reported on Thursday.