Meta’s Muse Sparks Fears Over Travel Search and Payments
Trivago fell after Expedia joined Meta’s Muse AI. Shopify and payments stocks also dropped on a Meta Pay checkout screenshot.
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Affirm Beats Wall Street as Shoppers Put $14.1 Billion Through Its Platform
Affirm Q4 revenue rose 33% to $1.17B and GMV hit $14.1B, beating estimates. Profit jumped on a tax gain. Next-quarter outlook also topped Street.
Morgan Stanley Names Affirm as Top Pick with 26% Upside
Affirm is viewed as a strong buy with solid growth, stable funding, and potential upside as positive updates are expected soon.
Private Credit Squeeze Hits Fintech Loans: Stone Ridge Caps Redemptions at Just 11%
Stone Ridge's $2.4B LENDX fund limits withdrawals to 11% amid heavy redemptions in fintech loans from Affirm, Block, Upstart. Investor concerns widen.
Payments Reboot: BofA Restarts Coverage with 5 Buys and Attractive Entry Points
BofA reinstates coverage with Buy ratings on Visa, Mastercard, Block, Affirm, Klarna — Neutral on PayPal.
Morgan Stanley Turns More Positive on Affirm Despite Stock Weakness
Morgan Stanley upgraded Affirm to Overweight, saying recent stock weakness offers a compelling risk/reward and long-term growth remains intact.