this post was submitted on 07 Nov 2025
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Slop.

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https://www.cnbc.com/2025/11/07/affirm-government-shutdown-shopping.html

“We are seeing a very subtle loss of interest in shopping just for that group, and a couple of basis points,” Levchin told CNBC’s “Squawk on the Street.”

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[–] regul@hexbear.net 20 points 1 month ago (3 children)

This is the CEO of the "buy your burrito on layaway" company.

[–] spectre@hexbear.net 23 points 1 month ago (2 children)
[–] stink@lemmygrad.ml 21 points 1 month ago (1 children)

With the interest rate being 0 on that payment plan, the preserved $1.50 principal can be diversified into a broad-range ETF that is estimated to generate $0.0175 over the two-month horizon. I guess they don't teach financial literacy in schools anymore 🙄

#ThisIsWhyYou'reBroke

[–] Chana@hexbear.net 11 points 1 month ago

I'm putting my best 36 MBAs on this pronto