> People familiar with internal happenings in the company, which is set to go public in the near future at a $6.9 billion valuation, told TechCrunch that a few

> People familiar with internal happenings in the company, which is set to go public in the near future at a $6.9 billion valuation, told TechCrunch that a few factors drove the decision behind the staff reductions. > For one, the mortgage market is expected to contract pretty significantly after 18 months of rapid expansion driven by historically lower interest rates. ... Given the tumble that long term interest rates have taken, with no letup in sight, this seems like an odd statement. What the company is really saying is that it expects the mortgage market to contract, despite falling interest rates and at least no increase in mortgage rates. Now that's interesting. Especially in light of Zillow's abrupt exit from the home flipping business. Of course this interpretation may be too charitable, as the company appears to have some irregularities: > New public filings, interviews with high-ranking company officials, and internal documents reviewed by The Daily Beast reveal that the executive, Elana Knoller, was given stock options potentially worth tens of millions of dollars. Unlike normal employee packages, it vested immediately. It isn’t clear how much the board knew in advance. https://www.thedailybeast.com/bettercom-ceo-vishal-garg-threatened-to-burn-his-business-partner-alive-now-hes-a-billionaire https://www.thedailybeast.com/bettercom-ceo-vishal-garg-thre...