Better.com (layoffs era)
La hipoteca digital levantó $1B+, procesó $25B en refinanciaciones de la era COVID, contrató a 10.000 empleados: luego las tasas hipotecarias de 2022 alcanzaron el 7%, las refinanciaciones colapsaron un 80%, se despidieron 9.000 empleados, el SPAC valorado en $7,7B salió a bolsa a $5/acción
Declive de años antes del cierre final · Error fatal: Better.com built digital mortgage origination. Raised $1B+. During COVID (2020-2021), low mortgage rates drove massive refinancing volume — Better processed $25B in mortgages. Then December 2021: CEO Vishal Garg fired 900 employees on Zoom. 2022: mortgage rates rose from 3% to 7%, refinancing volume collapsed 80%. Better laid off 9,000 total employees. SPAC merger with Aurora Acquisition Corp delayed repeatedly. Company went public August 2023 at $5/share after being valued at $7.7B at SPAC announcement.