Affirm (AFRM) topped fiscal revenue estimates and narrowed expected losses per share in its third quarter earnings report. Affirm Founder and CEO Max Levchin...
in its third quarter earnings report. Affirm Founder and CEO Max Levchin joins Market Domination to break down the company's future as it navigates the Fed's high interest rates.
Having spent many years in the tech industry before Affirm, Levchin dubs himself as"an extreme techno-optimist." He says that people should be excited about artificial intelligence and points to Affirm's recent initiatives to use AI as a customer service agent."We still guarantee that any human who wants to talk to a human will be able to do so," he explains, but overall, the company found that around 60% of the time, its AI chatbot satisfies user inquiries.
So hire for longer is an outcome of a not great situation with inflation but not a terrible thing for us. Never a so go to sleep and don't look at it again, sort of situation at affirm, we look at it all the time at any given day.I know you're not an economist, but you have a great insight into the health of the economy and we see consumer sentiment readings.What's your read on the economy again?
I wanna read this headline for you because I, I think you'll appreciate it or, or have something to say on it. I think they are paying our bills in a very predictable fashion because whenever they agree to use a firm, they see not just well, here's your bill.So the the buy now pay never, which is what credit cards are, is or buy now pay forever is probably a better term is a stark difference to what we do.Generally speaking, it's quite rigid, which may seem like a problem, but in fact, it's a huge benefit.
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