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819 Affirm Shares Pop More Than 30% on Profit Outlook

The Information
Ann Gehan @ The Information · 08/29/2024 16:40 EDT

Affirm shares closed more than 30% higher on Thursday, a day after the installment lender said it expects to turn profitable on a GAAP basis by the fourth quarter of its fiscal year ending next June. CEO Max Levchin said in an investor letter that the company would likely benefit from lower ...

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