Fairness of legacy admissions questioned; Struggles for Better.com; Spanish Football Federation president suspended; Wegovy to launch in more countries; and more
Or as my friend and colleague Alex Wilhelm described it, Better.com had a Miserable.com week. To sum it up, digital mortgage lender Better.com made its public debut on August 24. Shares of SPAC partner, Aurora, were trading at $17.45 on Wednesday, before Better.com officially went public.
Better.com stock got hammered this week in its Nasdaq debut. Though its one-day drop was sharp, it is far from the only company to be judged so harshly by the market.
Vishal Garg, Better.com CEO infamous for firing 900 employees via Zoom, has been undergoing leadership training in an attempt to regain his staff's trust.