Fintech just saw an earnings bonanza, as Coinbase and Upstart report over 11-fold rev

[NewsFeeder]

Fintech just saw an earnings bonanza, as Coinbase and Upstart report over 11-fold revenue growth

Across the fintech landscape, valuations are surging and revenue is growing at historic rates as consumers turn to digital apps for banking and investing.

More @ CNBC...

 

[Bullitt]

Upstart (UPST) was trading around $205 when this report came out. It's now around $35.

From the dictionary, couldn't have picked a better name:

UPSTART

derogatory
noun: upstart; plural noun: upstarts

a person who has risen suddenly to wealth or high position, especially one who behaves arrogantly.