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September 26, 2021

Affirm Holdings Inc

Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options

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CNBC – For more and to sign up click here Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts......

How buy now, pay later became a $100 billion industry

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CNBC – For more and to sign up click here Klarna logos displayed on a laptop and phone screen. Jakub Porzycki | NurPhoto via Getty Images Buy now, pay later is having a moment. Millions of shoppers now use a buy now, pay later, or BNPL, service to finance their......

Affirm shares soar after Amazon partnership that lets consumers buy expensive things in installments

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CNBC – For more and to sign up click here An Amazon employee sorts boxes before loading them onto trucks for shipping at Amazon.com’s fulfillment Center in Fernley, Nevada. Ken James | Bloomberg | Getty Images Shares of Affirm on Monday jumped more than 44% after the buy now, pay......

Stocks making the biggest moves in the premarket: Affirm, Moderna, Globalstar and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Affirm (AFRM) – Affirm rocketed 41.2% in premarket trading after the digital payments specialist announced a partnership with Amazon.com (AMZN) that will allow Amazon customers to pay over......

Affirm shares soar more than 40% on news of Amazon partnership for buy now, pay later

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CNBC – For more and to sign up click here Affirm founder and CEO Max Levchin David Paul Morris | Bloomberg | Getty Images Amazon is getting into the buy now, pay later space. The e-commerce giant is partnering with Affirm for its first-ever installment payments option on the popular......

Peter Thiel-backed crypto broker Bitpanda triples valuation in five months to $4.1 billion

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CNBC – For more and to sign up click here A visual representation of bitcoin. STR | NurPhoto via Getty Images LONDON — Bitpanda, a European cryptocurrency trading platform, has raised $263 million in a fresh round of funding valuing the company at $4.1 billion. That’s more than three times......

Minorities and women are finally getting a seat at the IPO underwriting table

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CNBC – For more and to sign up click here Cynthia DiBartolo, CEO, Tigress Financial Partners, at the New York Stock Exchange. Source: NYSE Robinhood’s highly anticipated IPO last month was led by Wall Street heavy hitters Goldman Sachs and JPMorgan Chase. But the extensive list of underwriters also included......

Why millennials and gen-Zs are jumping on the buy now, pay later trend

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CNBC – For more and to sign up click here All 21-year-old Taylor Emmi wanted was a cosmetic kit from makeup artist and social media star Jeffree Star after watching a video about the brand on YouTube in October 2019. So she took the $144 leap, and nearly two years......

Stocks making the biggest moves in the premarket: Square, Moderna, First Solar and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Square (SQ) – The digital payments company agreed to buy Australia’s Afterpay for about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares......

Square to buy Australia’s Afterpay in $29 billion deal as ‘buy now, pay later’ trend takes off

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CNBC – For more and to sign up click here Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Square plans......

Fintech keeps minting billionaires as Robinhood co-founders prepare for massive IPO

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CNBC – For more and to sign up click here Vlad Tenev and Baiju Bhatt, who co-founded Robinhood. Mark Neuling | CNBC Fintech is minting billionaires by the month. Already this year, Coinbase’s co-founders have joined the billionaire ranks, along with the founders of Affirm and Marqeta. For years, Silicon......

Affirm shares fall on report Apple is working with Goldman Sachs to offer buy now, pay later service

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CNBC – For more and to sign up click here Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Shares of Affirm, a company that offers lending services for retailers, dropped over 10% on......

As ‘buy now, pay later’ apps become more popular, proceed with caution

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CNBC – For more and to sign up click here Tom Werner | DigitalVision | Getty Images Retailers are making it easier than ever to make purchases with “buy now, pay later” loans. Also known as point-of-sale installment loans, they are a type of short-term financing that allow you to......

Marqeta closes up 13%, topping $16 billion market cap in Wall Street debut

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CNBC – For more and to sign up click here Shares of payment processing company Marqeta closed up 13% after its market debut Wednesday on the Nasdaq. Shares closed at $30.52, giving the company a market cap of just over $16 billion. Marqeta priced just over 45 million shares at......

Apple is looking to strike deals with ‘alternative payments’ providers

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CNBC – For more and to sign up click here Apple CEO Tim Cook speaks about Apple Pay during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Getty Images Apple is looking for a lead negotiator to strike partnerships......

Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE

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CNBC – For more and to sign up click here The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing. NYSE By 2010, Anthony Casalena was seven years into bootstrapping his start-up Squarespace, which he’d grown from a dorm room......

Jim Cramer sees more pain ahead in cloud stocks, but some names are getting enticing

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CNBC – For more and to sign up click here The red-hot software stocks of yesteryear are well off their highs, but it remains too early to call a bottom in the cloud plays, CNBC’s Jim Cramer said Monday. “There’s been a lot of damage done, but given how much......

Payment tech company Marqeta files for IPO as value tops $16 billion on private markets

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CNBC – For more and to sign up click here Marqeta Headquarters in Oakland, Calif. Yalonda M. James | San Francisco Chronicle | Hearst Newspapers via Getty Images Marqeta has become one of the hottest businesses in digital commerce, even though few consumers have ever heard of it. Its name......

Stocks making the biggest moves after the bell: Roblox, Wynn, Simon Property Group & more

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CNBC – For more and to sign up click here Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines after the bell on Monday: Virgin Galactic — Virgin Galactic fell more than 4%......

Coinbase and Roblox take a page from Google, keeping marketing costs way down ahead of public debuts

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CNBC – For more and to sign up click here Welcome to Bloxburg Roblox Cryptocurrency exchange Coinbase and gaming app Roblox are both getting set to go public through a direct listing of their shares. They have something else in common that’s likely to prove very attractive to investors: Brand......

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