Payments Company Affirm Is Shutting Down Its Crypto Business

Affirm Crypto will close on March 2. The shutdown is part of a larger retrenchment for the company, which also announced it would eliminate 19% of its workforce. It's unclear what proportion of those layoffs are related to the crypto operation.

“Concurrent with reducing our workforce, we are sunsetting several initiatives, such as Affirm Crypto,” CEO Max Levchin said in the letter. Affirm joined other fintech firms launching crypto initiatives in the late stages of the bull market. Affirm Crypto was designed to let customers buy, sell or hold cryptocurrencies.Adds comment from Affirm CEO Max Levchin.

Affirm HeleneBraunn I know 3 people that haven’t paid a single dime on multiple loans taken out back in December.

Affirm HeleneBraunn They are going to regret it soon.. crypto is the future!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Affirm cuts 19% of workforce; shares tank on earnings missAffirm reported second quarter earnings that fell below analyst estimates on both the top and bottom lines. TechCheck CEO Max Levchin needs to resign before share holders kick him out.
Source: CNBC - 🏆 12. / 72 Read more »

Affirm to lay off 19% of staff, stock tanks after earningsAffirm Holdings Inc. shares were plunging 18% in after-hours trading Wednesday after the buy-now-pay-later company fell short with its results and outlook. Thats not bullish? Lol That company was doom since day one. Good thing all the early IPO investors stole all that money.
Source: MarketWatch - 🏆 3. / 97 Read more »