SoftBank-backed Better's shares tank 95% in disastrous NASDAQ debut
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Better.com's (Better Home & Finance Holding) shares took a significant hit on their NASDAQ debut, plunging as much as 95%. Trading was stopped four times in the initial 30 minutes as shares fell very quickly. The company had grabbed headlines when it fired 900 employees via a Zoom call in 2021. Despite the setback, the merger's completion has provided Better with a $550 million cash infusion from SoftBank.