High Tech > Earnings

The BNPL boom may be fading

12 days ago   |   By TechCrunch

Consumer lending provider Upstart Holdings reported its first-quarter results yesterday after the bell. In the wake of that particular set of data, shares of the company are off 53% in early trading today.
What caused such a catastrophic crash? The company cut its revenue growth forecast for the year and said rising loan rates appear to be hurting demand for its product. Slowing growth this year, potentially slipping net income, and a market in which interest rates are expected to rise even more have made Upstart an un-darling in investors' eyes.
Upstart's poor guidance isn't just hurting...
Read more ...

 


Search by Tags

   Earnings      Finance      Payments      Startups      Affirm      Bnpl      Buy now pay later      CFO      EC Fintech      EC News and Analysis      Economy      Online payments      Startup company      Upstart holdings  


Stranger Things 4 cranks everything up way past eleven

Stranger Things 4 cranks everything up way past eleven

Millie Bobby Brown as Eleven. The Upside Down is back and more brutal than ever Read more ...

WhatsApp mettra fin au support d'iOS 10 et 11 le 24 octobre

WhatsApp mettra fin au support d'iOS 10 et 11 le 24 octobre

WhatsApp ne sera plus compatible avec iOS 10 et iOS 11 le 24 octobre. Les possesseurs d'iPhone 5 et 5c devront changer d'appareil. Read more ...

Is it time to stop paying for Zoom?

Do you need to spend $150 per year for the Zoom Pro plan, or is the free plan good enough? We offer a decision tree to help you make the right decision. Read more ...

My Instagram account was hacked and two-factor authentication didn't help

I would have called the Instagram tech support number, except - surprise! - there's no such thing. Oh foolish, foolish me. Read more ...

Host your online courses for life with unlimited bandwidth for just $100

This platform offers unlimited course hosting, bandwidth, and student count with no commission or transaction fees. Read more ...

Linux kernel 5.18 arrives: Here's what's new

Linux kernel 5.18 includes an Intel driver that could allow the chip maker to enable new silicon features after users pay for a license. Read more ...

Flexible patch fits inside a pipe to detect real-time changes in water...

Scientists from the Institute of Scientific and Industrial Research at Osaka University, in collaboration with Chuo University, Eindhoven University of Technology, and National... Read more ...

New life cycle assessment study shows useful life of tech-critical metals to...

Worldwide, almost all technology-intensive industries depend on readily available metallic raw materials. Consequently, precise and reliable information is needed on how long... Read more ...

A look into Texas' controversial anti-censorship law HB 20

A look into Texas' controversial anti-censorship law HB 20

Laws surrounding the first amendment are oftentimes messy as exampled by Texas' controversial internet anti-censorship law, House Bill 20. Read more ...

Apple TV's Prehistoric Planet looks so good it feels like a real nature...

Apple TV's Prehistoric Planet looks so good it feels like a real nature documentary

Finally, some feathered dinos are ready for their close-up Read more ...