Affirm said on Wednesday it’s cutting 19% of staff and shuttering businesses including its crypto service, blaming slower consumer spending and rising costs of funding its installment loans. The company’s gross merchandise volume, which measures total customer transactions, came in at $5.66 billion in the quarter ended in Dec. 31, below the $5.73 billion to $5.83 billion the company had...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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