Affirm forecasts weaker sales volume, shares drop
By Reuters Staff 2 Min Read (Reuters) - Affirm Holdings Inc on Thursday forecast weaker sales volume for the current quarter, signaling a slowdown in the pandemic-induced boom in online shopping that helped it narrow its loss in its first results as a publicly-traded company. The company said it expects third-quarter gross merchandise volume between $1.80 billion and $1.85 billion, lower than the $2.1 billion it reported for the previous three months, sending its shares down 8.6% after the bell. Affirm was founded in 2012 by PayPal Holdings Inc co-founder Max Levchin to offer small loans to p...