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Affirm to lay off 19% of staff, stock tanks after earnings

Por: MarketWatch Business February 08, 2023

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Affirm’s revenue rose to $400 million from $361 million a year ago, while analysts were modeling $416 million. “A key operational misstep contributing to these results is that we began increasing prices for our merchants and consumers later in the year than we should have, and this process has taken us longer than we anticipated,” Chief Executive Max Levchin said in Affirm’s shareholder letter. “This had a negative impact on both our... + full article



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