Sharecare
- 🦄Became a unicorn2018
- 📈Peak valuation$3.9 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$546M
How it happened
Sharecare, the digital-health platform co-founded by Jeff Arnold and Dr. Mehmet Oz, went public in 2021 through a SPAC merger with Falcon Capital Acquisition Corp at a roughly $3.9B valuation. Growth never justified the price, losses mounted, and the stock slid for years; in 2024 healthcare investor Altaris took it private at $1.43 per share — about $540M, some 85% below its debut — and it was delisted from Nasdaq. Reviews posted during the public years traced the belt-tightening: raises shrunk to roughly 2%, recurring layoffs with work moved offshore, and health coaches describing minute-by-minute monitoring through 80-plus calls a day — coaching, they said, that felt more like call-center work.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: SEC / Sharecare 8-Ks (~$3.9B SPAC merger with Falcon Capital Acquisition Corp 2021; Altaris take-private $1.43/share, announced June 2024, completed Oct 22 2024, ~$540M)
