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Why I Won't Touch Affirm Stock

Timothy Green, The Motley Fool
·4-min read
Why I Won't Touch Affirm Stock

During the first two years of the pandemic, when demand for everything was soaring, stimulus cash was bolstering household budgets, and interest rates were near zero, buy now, pay later company Affirm (NASDAQ: AFRM) never turned much of a profit. The company ended the quarter with 243,000 merchants in the network, up from 168,000 one year prior. Revenue less transaction costs (RLTC) tumbled 21% year over year as the company generated less revenue from its network of merchants than expected.

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