Why This News Could Be Game Changing for Affirm
Buy now, pay later took the lending industry by storm in 2021, with Affirm Holdings (NASDAQ: AFRM) among the companies affected. The company went public in January 2021 and surged to an eventual high of $176 a share. However, fears over a potential recession and "buy now, pay later" becoming "buy now, pay never" have quickly cooled investor interest in less-proven lenders like Affirm.
The stock price tumbled 92% from its highs and is currently clawing its way up from recent lows. CEO Max Levchin recently spoke at an event, and his commentary revealed a potential game-changer for the company and its investors. Here's what you need to know.
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Source Fool.com
