Affirm Holdings, a buy-now, pay-later fintech, is slashing 19% of its workforce after missing expectations for both its second fiscal quarter and its immediate outlook. Founder and CEO Max Levchin sai...
Tag: Affirm Holdings
Affirm CEO Says Next Recession Will Silence Fintech Lender’s Doubters
Max Levchin says the market is wrong about Affirm Holdings Inc., the buy now, pay later company he co-founded a decade ago. It might just take a recession to prove it. Affirm stock is down 77% since h...
Apple Is Delving Into ‘Buy Now Pay Later,’ or BNPL. How to Play It.
Many of us are glued to our iPhones. If Apple has its way, the device will get stickier. The company announced a new “tap to pay” feature this past week—aiming to get consumers to pull out their iPhon...
Apple Looks to Cars and Banking for Its Next Big Thing
Text size At its recent developer event, Apple showed plans to dramatically expand its CarPlay platform to include every screen in the driver cockpit. Courtesy of Apple Apple needs to think big these ...
PayPal Stock Sinks as Earnings Miss, Guidance ‘Lacks Anything Redeeming’
Text size PayPal stock was sinking after the company reported disappointing earnings. Justin Sullivan/Getty Images PayPal stock was sinking after the payments company reported earnings and guidance th...
The Worst Big IPOs of 2021
Text size Oscar Health shares closed at $6.20 on Friday, down 84% from the IPO price. Gabby Jones/Bloomberg IPOs soared for most of 2021, making the year one of the best ever for companies to list the...
Affirm Faces Competition. J.P. Morgan Starts Coverage With Neutral Rating.
Text size Affirm is set to report its quarterly earnings after the closing bell Thursday Courtesy Affirm “Buy now pay later” company Affirm is poised to continue its growth, fueled by an increase in c...