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Why Shares of Affirm, SoFi, and Upstart Are Falling Today

·3-min read
Why Shares of Affirm, SoFi, and Upstart Are Falling Today

The Nasdaq Composite had given up about 1.3% as of this writing. Shares of the digital bank SoFi (NASDAQ: SOFI) also traded more than 6% lower, while shares of the artificial intelligence lender Upstart (NASDAQ: UPST) were down 6.6%. Investors are also trying to determine what kind of recession may be coming in the U.S. later this year or in 2023.