Robinhood (NASDAQ: HOOD) and Affirm (NASDAQ: AFRM) were both once considered disruptive fintech companies. Robinhood attracted millions of retail investors with its commission-free trades for stocks, options, and cryptocurrencies, while Affirm challenged credit card companies with its buy now, pay later (BNPL) services, which split up larger purchases.

Robinhood's stock closed at an all-time high of $70.39 in Aug. 2021, but it now trades at about $10. Likewise, Affirm's stock hit its record high of $168.52 in Nov. 2021, but it's only worth about $12 today. Both stocks collapsed as glaring weaknesses appeared.

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Source Fool.com