Affirm’s revenue grew 22% to $446 million in the June quarter, an acceleration from the March quarter when revenue grew only 7%. Shares rose 6% in after-hours trading. Still, the growth rate pales with Affirm’s rapid pace of expansion in the June quarter of last year, when it lifted revenue 39%. The slowdown since last year is in part due to a dramatic decline in the rate of active customer...
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AI Startups Are Trying to Make Usage-Based Pricing Happen
Tech waves have often brought along with them corresponding changes in business and pricing models. For instance, when companies moved from using servers in their own data centers to ones hosted by public cloud providers, they also switched from buying packaged software a la carte to subscribing to cloud-based software, leading to the much-loved SaaS model we see today.Now, VCs are telling me...
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