Payments Company Affirm Shutting Down Crypto Business
Finance
www.coindesk.com
08 February 2023 21:44, UTC
Reading time: ~2 m
Alongside its Q4 earnings results on Wednesday afternoon, Affirm (AFRM) announced the shuttering of its crypto operations, effective March 2.
The shut down is part of a larger retrenchment for the payments company, which also announced job cuts of 19% of its workforce. It's unclear what proportion of those layoffs are to do with the crypto operation.
Shares are down 17% in after hours trade.
Back to the list
Similar news
Finance
Affirm Shutting Down Its Crypto Business
www.coinspeaker.com09 February 2023 09:05, UTC
Finance
Payments provider Affirm to sunset crypto program after 19% staff cut
cointelegraph.com09 February 2023 03:52, UTC
Finance
Affirm Confirms To Crypto Program After 19% Staff Cut
news.coincu.com09 February 2023 02:17, UTC