Shares of online mortgage lender Better.com slumped as much as 95% after its Nasdaq debut.
They fell so quickly that trading was halted four times in the first 30 minutes.
Better.com CEO Vishal Garg brutally laid off 900 employees via a Zoom call in 2021.
Shares of the Softbank-backed online mortgage lender — which had merged with blank-check company Aurora Acquisition Corp. — plunged at the opening bell.
Better.com's disastrous debut on the Nasdaq followed dramatic turns at the digital mortgage company since December 2021 when CEO Vishal Garg brutally laid off 900 employees on a Zoom call.
Persons:
Better.com, Vishal Garg, Insider's Alex Nicoll, Better.com's, Fortune
Organizations:
Nasdaq, Service, & Finance, Aurora Acquisition Corp, —, Aurora
Locations:
Wall, Silicon