bettercom
Scores of employees at Better.com, a digital mortgage lender, were fired en masse this week over what the company’s chief executive officer said were untenable changes to the market. Better was valued at $7 billion last October after receiving $750 million in funding and has nearly a billion dollars cash on hand, according to Kevin Ryan, its Chief Financial Officer. “Hi everyone, thank you for joining. I come to you with not great news. The market has changed, as you know, and we have to move with it in order to survive so that, hopefully, we can continue to thrive and deliver on our mission,”...
uPolitics.com
Vishal Garg, the CEO of mortgage company Better.com, announced to more than 900 employees – about 9% of its workforce – during a Zoom – Zoom Video Communications Inc (NASDAQ:ZM) – webinar that it would fire them before the upcoming holiday period. The reason behind the stunning message was “a change in the market.” Q3 2021 hedge fund letters, conferences and more Better.com CEO Drops A BombAs reported by CNN Business, Garg dropped the bomb by saying: “If you're on this call, you are part of the unlucky group that is being laid off … Your employment here is terminated effective immediately.” Ga...
ValueWalk
The year 2020 was a roller-coaster ride for U.S. companies, including startups. Some start-ups, however, were able to grow their value despite the coronavirus pandemic. Many of these startups were able to achieve unicorn status as well. Detailed below are the top 10 U.S. startups of 2020. Q4 2020 hedge fund letters, conferences and more Top 10 U.S. startups of 2020Our list of the top 10 U.S. startups of 2020 is based on LinkedIn’s list of the “50 U.S. companies on the rise.” LinkedIn shortlisted companies that are 7 years old or younger, have at least 50 employees, and are privately held and h...
ValueWalk
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