FinTech turned out to be just old vanilla financials.
Are you saying there is no future for fintechs? :( Seems all fintechs are getting crushed lately.
They need to explain really hard why they'll be making more money than regular financials which trade at like 10 PE ratios.
Did you even look at PayPal stock?
Same issue as PayPal earlier. Our guidance included a revenue outlook of $325 to $335 million versus analyst estimates of $334.8 million. The bar right now now is beat revenue, beat eps, and solid guidance. We had the first two but not the last.
Sorry what do you mean by guidance?
Earnings guidance. A public company’s prediction of its near future profits or losses. The idiot below is spewing numbers with nothing to back it up. The numbers I’ve posted above exist today and you can go check them out. There are no shady accounting practices at affirm — just a ton of baseless speculation from folks with nothing better to do.
Valuations finally coming down to where they should be. Their results were awful given that they included revenues from partnership with Amazon. The stock is going to 30s.
They include Amazon partnership in future guidance not the current revenue. Understand the news at least 😂
Sure, and the guidance was bad. Hence the drop.
The Buy Now Pay Later space doesn’t really seem destined to last forever… we’ll see how it does during an economic crisis.
SQ also dropped a bunch from ATH $290. It's not just affirm. If you believed in the company just buy the dip
Feds rate hikes probably gonna be the end for these BNPL schemes
Don’t think so. European and China has BNPL for quite long time, there is no reason to for the industry to not exist in US.
Stock market is not affirming its future looks like