So apparently this was destined to happen . Better.com is a walking red flag 🚩 🚩(must read)
$Better Home & Finance(BETR.US$ . better.com show signs over years of bad management, shady businesses practices , terrible customer service , bad working environment, deceptive behavior , and bad business deals that foreshadow the company’s catastrophic public debut in the stock exchange . one of the ex executives files a lawsuit against his former employer and this was some years ago .
In her lawsuit filed “in 2022” , according to the Wall Street Journal, Pierce alleges that Better.com misrepresented its business and prospects so that it could move forward with a SPAC that would have given the company a post-money equity value of approximately $7.7 billion. The SPAC was delayed and has not yet taken place.
Her complaint, reports the Journal, alleges that both Garg’s and Better’s “treatment of her constituted unlawful retaliation, defamation and intentional infliction of emotional distress
Her complaint, reports the Journal, alleges that both Garg’s and Better’s “treatment of her constituted unlawful retaliation, defamation and intentional infliction of emotional distress
“ Meanwhile, a source familiar with the lawsuit told TechCrunch that Garg “was always exaggerating” the company’s numbers and “wouldn’t listen” to Pierce or any other executives when they expressed concerns. Pierce, the source said, was allegedly pushed out of the company for voicing her concerns.
According to the S-4 filed by Aurora Acquisition Corp., the entity that Better.com was to merge with, Pierce earned $856,061 last year, got a $1 million bonus and was awarded $17.37 million in stock options.
According to Forbes, this is not the first time a female executive has accused the company of improper behavior. In April 2021, the company put former chief product officer Elana Kollner on administrative leave following allegations of bullying and other workplace grievances. “
According to the S-4 filed by Aurora Acquisition Corp., the entity that Better.com was to merge with, Pierce earned $856,061 last year, got a $1 million bonus and was awarded $17.37 million in stock options.
According to Forbes, this is not the first time a female executive has accused the company of improper behavior. In April 2021, the company put former chief product officer Elana Kollner on administrative leave following allegations of bullying and other workplace grievances. “
In April, a filing revealed that Better.com swung to a loss of more than $300 million last year, a sharp turnaround from its profitable 2020. Garg is also the target of multiple lawsuits by PIMCO, Goldman Sachs and other investors involving entities he controlled.
In recent months, numerous parties have reached out to TechCrunch, including customers who say they lost money when the company botched their house closing, former employees who say they have not been awarded stock options that were owed to them and still others who say they can’t collect unemployment because Better reportedly did not pay the appropriate taxes.”
In recent months, numerous parties have reached out to TechCrunch, including customers who say they lost money when the company botched their house closing, former employees who say they have not been awarded stock options that were owed to them and still others who say they can’t collect unemployment because Better reportedly did not pay the appropriate taxes.”
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I go by J lawliet OP : Always do your research before investing on stocks that file for IPO or make their debut . Found the hard way yesterday.
jorncena96 : so it's a sell no matter what?
I go by J lawliet OP jorncena96 : I will just wait until It breaks even with my average and find an exit meaning , if you sell and your average is high it will hurt you badly I would just wait until it goes back up close to your average or above and exit .
jorncena96 I go by J lawliet OP : my avg is 1. do you think it can bounce back up to 10
I go by J lawliet OP jorncena96 : I am not a financial advisor because the stock market is pretty unpredictable at times but I highly doubt that it would bounce that high . 3$ at best but be a little realistic “ 10$ “ is way to high for this stock , may be for right now . May be over time if there is positive news about interest rates , change of management, etc ; share might go up .