bearish
Better’s SPAC Deal Could be Another SoftBank Disaster
SUMMARY
- Things have gone from bad to worse at digital mortgage firm Better.com.
- Back in May last year, the company was riding a high of closing $500 million in funding from SoftBank, while announcing plans to go public at a $7.7 billion valuation with Aurora Acquisition
- However, things turned sour for the company, with negative press coverage, weaker financials due to a changing market, and low employee morale due to the antics of the CEO
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