Not all businesses have benefited from the Nasdaq Composite Index's 15% total return since the start of 2023. Even those with seemingly promising product offerings have been struggling mightily.

Just look at Upstart (NASDAQ: UPST). The tech-focused lending platform's shares, while soaring almost 60% in the past few days on better-than-expected second-quarter results, still trade 90% below their all-time high.

Besides the stock getting crushed, here are other reasons why I wouldn't touch this fintech stock with a 10-foot pole.

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Source Fool.com