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The CEO who fired 900 people on Zoom just before Christmas wants his job back
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stermy4u lemmy.world stermy4u@lemmy.world
Joined: 2026-06-29
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203   Original
FiniteBanjo feddit.online FiniteBanjo@feddit.online
Joined: 2025-12-23
#2 · (edited) Quote Reply

Idiots like don't realize they're beholden to the whims of the shareholders, make disastrous reorganization moves which tanks the share price.

Which reminds me, AMC is also havign a shareholders vote right now. I think theyre down like 98% from a peak a few years ago?

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jqubed lemmy.world jqubed@lemmy.world
Joined: 2024-01-10
#3 · Quote Reply

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.

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P03 Locke lemmy.dbzer0.com p03locke@lemmy.dbzer0.com
Joined: 2023-06-23
#4 · Quote Reply

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 fo...

That's, uhhh, quite a drop.

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FiniteBanjo feddit.online FiniteBanjo@feddit.online
Joined: 2025-12-23
#5 · Quote Reply

That's, uhhh, quite a drop.

They peaked at $8 Bn during the pandemic, too

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EpeeGnome feddit.online EpeeGnome@feddit.online
Joined: 2025-06-05
#6 · Quote Reply

“He hoodwinked me,” the just-ousted Better Home & Finance CEO said about Daniel Lewis, the man who replaced him last week.

Yeah... admitting you got conned into trusting the guy who took your job sounds like a fantastic strategy for getting your CEO job back. If the new guy isn't legit a good replacement, then you've proven yourself to be an easy mark. Either way, best not to reinstate you, dumbass.

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ElChinchilla lemmy.world ElChinchilla@lemmy.world
Joined: 2026-08-14
#7 · Quote Reply

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.

2
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