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

Christine Hall

Sat, May 14, 2022, 7:40 AM·4 min read

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It’s Friday the 13th, and I hope nothing nefarious happened to you today. At least the weekend is here! At the very least, you can catch up on the latest Terraform Labs news — Binance halted Luna and UST trading — and some great podcasts from your favorite TechCrunchers. And make sure to secure your “seat” for our June 1 TechCrunch Live event in Columbus. See you Monday! – Christine

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On the hook: That’s what Better.com CEO Vishal Garg is saying about a $750 million SoftBank loan. By Garg assuming personal responsibility for the loan, he is liable for any losses. However, the company may also be affected because any losses could require him to sell a lot of his Better.com holdings, which could negatively impact shares. Still a mess no matter how you look at it.
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