Not hard to figure out what happened here. Ownership and private equity pushed this thing to IPO too quickly so they could get some liquidity and cash out. $62 at offering to 56 cents today means, if there’s any justice in the market, heads should role in the c-suite.
This comes a couple of years after the sitting CEO fired 1,000 employees over Zoom.
For all the warts, anecdotally speaking, my wife and I used Better in early 2021 to refinance our mortgage. The process was quicker and easier than any of the alternative mortgage companies we investigated and got quotes from during that time.
I think this is a good company/good product, and at this price, I will invest as soon as leadership is turned over.