“On Nov. 30, TechCrunch reported that the company was getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed immediately instead of waiting until the deal closes.”
The company is set to go public via SPAC at a $6.9 billion valuation. It just got a $1.5 billion infusion of cash last week.
Tell me again why the CEO and the executive team isn’t among the 900 people getting laid off?
https://techcrunch.com/2021/12/01/better-com-lays-off-9-of-i...
“On Nov. 30, TechCrunch reported that the company was getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed immediately instead of waiting until the deal closes.”