Better.coms stock tanks after SPAC combination brings it to the public markets
News Summary
- Shares of Better com are getting hammered into the ground Thursday morning after the digital mortgage company completed its long delayed SPAC merger
- Better has shed more than nine tenths of its value in a single fell swoop
- The company has reported a net loss in several quarters in a row although it has managed to somehow narrow that loss through what CEO Vishal Garg described as billion in cost cutting measures
- The list of post combination SPAC deals that have simply set fire to all or nearly all their value after the deal completed is long and tortuous
Shares of Better.com are getting hammered into the ground Thursday morning after the digital mortgage company completed its longdelayed SPAC merger and began to trade as a public company for the fir [+4063 chars]
