☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 8 months agoMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.comexternal-linkmessage-square23linkfedilinkarrow-up192arrow-down10cross-posted to: usa@midwest.socialusa@lemmy.ml
arrow-up192arrow-down1external-linkMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 8 months agomessage-square23linkfedilinkcross-posted to: usa@midwest.socialusa@lemmy.ml
minus-squareOwl [he/him]@hexbear.netlinkfedilinkEnglisharrow-up20·8 months agohttps://investors.affirm.com/shareholder-services/investor-faqs 2. What is Affirm’s revenue model and how does it make money? We sell a portion of the assets originated in our platform to third-party investors and recognize a gain or loss on the sale of these loans. 5. How does Affirm fund the loans it underwrites? We have forward-flow agreements that facilitate the sale of whole loans to counterparties. Can anybody figure out who is buying these from Affirm? I bet that’s the next Lehman Brothers.
minus-squarebarrbaric [he/him]@hexbear.netlinkfedilinkEnglisharrow-up13·8 months ago2008 as farce you say
minus-squaremarxisthayaca [he/him,they/them]@hexbear.netlinkfedilinkEnglisharrow-up6·8 months agoHoly shit lmao
https://investors.affirm.com/shareholder-services/investor-faqs
Can anybody figure out who is buying these from Affirm? I bet that’s the next Lehman Brothers.
2008 as farce you say
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Holy shit lmao