Monster earnings report from Mercado Libre — the “Amazon” of Latin America

MercadoLibre (NASDAQ:MELI) — the “Amazon” of Latin America — reported a massive quarter that sent its stock up 16% yesterday. Net income jumped 80% from the same year in 2022. Total sales grew 57% (excluding FX impacts) — carried by its fintech arm. What’s the big deal? In North America, payments and e-commerce are two…

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PayPal’s earnings report gives investors lots to look forward to

PayPal (NASDAQ:PYPL) jumped 9% yesterday after giving investors lots to look forward to on its earnings report. PayPal’s earnings and sales came in ahead of expectations, but the big news came from these initiatives: Cost-cutting program — expected to save $900M in costs this year and $1.3B the following year. Share buyback program of $15B….

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Buy now pay later companies greeted with IOUs

Buy now, pay later companies want their money — but they’re finding it harder and harder to collect. Where’s my money? — every BNPL company In 2021, Americans spent $20B on BNPL services (SFGATE) — taking a larger share of the $870B U.S. e-commerce industry. Now, consumers are beginning to see the actual price of…

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Robinhood struggles to find its footing

Robinhood (NASDAQ:HOOD) is at a significant discount from its last year’s peak — and still the trading app isn’t looking too appetizing to investors right now. For those investing using Robinhood to trade, let’s hope its recent performance hasn’t ruined the app for you. Struggling to find a bottom Last week, Robinhood announced extended trading…

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SoFi makes big moves in a big fintech bear market

SoFi (NASDAQ:SOFI) received regulators’ approval to become a bank holding company — sending its stock up 14%. What’s the big deal? Financial super app, SoFi, has been chasing a bank charter for over three years — in order to reduce costs and improve its product offering in investing, banking products and loans . As a…

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Short seller Spruce Point hits Fintech Nuvei hard

Short seller, Spruce Point Capital, strikes again with a short report on Canadian fintech Nuvei (NASDAQ:NVEI) — sending its stock down as much as 56% before part of its losses were recovered. When investing gets real personal… Spruce Point is an investment manager focusing on short-selling (i.e. betting against companies) — known for writing short…

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Nubank IPO: The largest neobank hits the stock market

… And it requires no tellers. Neobanks — a fintech buzzword for “digital financial services” — are recently exploding in popularity. Today, Nubank — the industry’s poster child — is going public. Say goodbye to physical banks Neobanks are disrupting traditional banking with more accessible and cheaper products — made possible by their lack of…

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Jack Dorsey goes all in on crypto with Square

Early this week, Jack Dorsey — the CEO and co-founder of both publicly traded Twitter and Square — announced his departure from Twitter. Now he can truly devote his time to Square and Bitcoin. His first order of business — changing Square’s corporate name to “Block” — perhaps a gesture to crypto’s underlying tech, blockchain….

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PayPal on a downward spiral over competition and growth concerns

Fintech giant, PayPal (NASDAQ:PYPL) is stuck in a downward spiral — while the payments industry continues to rise. What’s the big deal? A pandemic shift to digital and e-commerce benefited PayPal — the payments super app that makes payments and transfers easy at a low cost. But growth stalled in 2021 — sending PYPL down…

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Robinhood impacted by falling crypto trading volume

Looking for something scary to do during Halloween? Just take a look at Robinhood’s earnings report — filled with deteriorating metrics that sent its stock down 10%. What’s the big deal? Retail investing is here to stay — except investors are taking their money to another part of the market, exchange-traded funds (ETFs). Retail investors…

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