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The Interchange: Things go from bad to worse at Better.com

Welcome back to The Interchange, the weekly TechCrunch series that looks at the latest — and what’s ahead — in the global fintech industry....

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Daily Crunch: Better.com CEO Vishal Garg says he’s on the hook for $750M SoftBank loan

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan

Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” the $750 million cash infusion provided to the online...

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Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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The half-billion-dollar profit swing that led to Better.com’s myriad layoffs

S-4 from Aurora Acquisition Corp., the SPAC that Better.com intended to merge with, provides stark details about the latter’s financial...

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Amazon aggregator Thrasio begins layoffs, names new CEO

The layoffs and new CEO appointment are the latest developments in a series of ups and downs for Thrasio.

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If you could go to Andreessen Horowitz or YC as a startup, which would you choose?

We dug into Natasha's coverage of the latest early-stage effort from a16z, and what it could mean for competition with Y Combinator, among other...

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Better.com conducts third round of layoffs in five months

Better.com has conducted its third mass layoff in less than five months, citing a declining mortgage market, according to an email to employees seen...

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Better.com said to be planning third round of layoffs

Better.com is reportedly planning to a third round of layoffs, which would impact members of its real estate and refinance teams.

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Fintech Roundup: How going Fast and furious can ruin your startup

A look at Fast's shutdown and Better.com's decline in the wake of mass layoffs.

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Better.com CTO steps down, agrees to voluntary separation in wake of mass layoffs

Diane Yu, CTO of Better.com, has agreed to a voluntary separation plan that the digital mortgage lender offered earlier this week, according to a...

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Startups in 2022 are indeed ‘harder, Better, Faster, stronger’

Layoffs at Workrise, Better.com, and the implosion of Fast show that the startup market is changing, and not every company is going to make it of...

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“We probably pissed away $200 million,” Better.com CEO told employees in layoffs meeting

Vishal Garg admits he 'failed' on multiple fronts in leaked recording addressing significant staff cuts.

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Daily Crunch: Citing ‘uncertain mortgage market,’ Better.com rolls out employee buyout plan

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Better.com offering employees 60-days severance, losing ‘tens of millions’ per month per sources

Less than one month after laying off 3,000 employees, digital mortgage lender Better.com is offering its corporate, product, design and engineering...

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TechCrunch+ roundup: ‘Valuation reset,’ spiking crypto losses, US insurtech meltdown

Has it ever been your responsibility to tell someone else that their job has been eliminated? I have, and it's one of the most difficult things...

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Better.com teaches us how not to downsize a company

HR experts offer some Dos and Don'ts based on the way Better.com handled its mass layoffs

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Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks out

Better.com employee speaks out after layoffs

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SPACs are a four-letter word again

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was...

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Better.com employees learned of layoffs when severance checks appeared in payroll app

The mass layoffs at digital mortgage lender Better.com have reportedly started, according to employees and other sources at the company, and affected...

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Better.com plans to lay off about 4,000 people this week, sources say

Online mortgage lender Better.com is poised to lay off roughly 50% of its staff of about 8,000 this week, according to sources familiar with internal...

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Better.com loses more senior execs as employees brace for another mass layoff

Things are getting worse at Better. More executives have resigned from Better.com nearly three months after the online mortgage lender laid off 900...

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Fintech Roundup: Proptech’s roller coaster, an ex-Better.com exec’s new gig and Alchemy’s true valuation jump

Welcome to my new weekly fintech focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast...

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Better.com loses more top execs in wake of Vishal Garg’s return as CEO

The exodus of executives at Better.com continues. TechCrunch has learned that Sarah Pierce, who served as executive vice president of customer...

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Fintech Roundup: Better.com workers leaving in ‘droves’ in wake of CEO Vishal Garg’s return

Welcome to my new weekly fintech-focused column. It’s an incredible time to be a financial technology journalist. Besides the fact that over 20% of...

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Better.com CEO Vishal Garg returns to work amid controversy regarding his leadership

After a month-long “break,” Better.com CEO Vishal Garg is back at the helm of the mortgage tech company he co-founded in 2016, according to an...

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Best of TechCrunch 2021

We asked our staff to vote on their favorite stories of the year, added evergreen content and our top TC+ articles for a well-rounded 2021 list....

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How does former Better.com CEO Vishal Garg still have a job?

With everything that has gone down at Better.com over the past 18 months, many of us are scratching our heads in wonder that CEO Vishal Garg remains...

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