Affirm Forced to Halt an Asset-Backed Security (ABS) Sale | AFRM Stock

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3 years ago
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Despite bumping its Q3 2022 and FY22 guidance higher, buy now, pay later company Affirm (AFRM) is getting hit hard, continuing a dreadful slide that has seen the company's stock plunge by over 80% since last November. Slowing growth and rising competition in the BNPL space have primarily been to blame for Affirm’s recent demise, but now a new problem has emerged.

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