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☆ Elon Musk plans to rebrand Twitter as 'X' — an idea that harkens back to the CEO's early days when he was ousted from PayPal
▼ + stars: | 2023-07-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Elon Musk announced Saturday that he plans to rebrand Twitter and change the bird logo to 'X.' Musk previously wanted X to be the name of a banking services site now known as PayPal. Musk said a new "interim" X logo will go live Sunday. Elon Musk in Palo Alto, California, on August 7, 2000. According to Ashlee Vance's biography "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future," almost everyone in the company preferred the name PayPal.

Persons: Elon Musk, Musk, Elon, Pauline Lubens, Julie Anderson Ankenbrandt, Ankenbrandt, x.com, X.com, Peter Thiel, Max Levchin, Musk's, Thiel, Ashlee Vance's Organizations: Twitter, PayPal, MediaNews, Mercury, Getty, Elon, SpaceX, X Corp Locations: Silicon Valley, Palo Alto , California, Palo Alto, Nevada

They are a key source of financing for some fintech lenders, which have fewer funding options than banks. As the end of pandemic stimulus and rising inflation led delinquency rates to normalize, investors shunned the fintech ABS market late last year. Fintechs like Upstart (UPST.O), Affirm (AFRM.O) and OneMain Financial (OMF.N) say they are boosting credit quality, in another example of how lenders have been pulling back amid uncertainty over the economic outlook. Still, analysts say it is a sign the fintech ABS market is recovering. For fintech loans to borrowers with weighted average credit scores between 660 and 710, annualized net losses rose by 1.88% month-over-month to 16.61%.

Persons: Sanjay Datta, Datta, Max Levchin, Doug Schulman, OneMain, Finsight, Robert Wildhack, Kroll, Hannah Lang, Matt Tracy, Josie Kao Organizations: Wall Street, OneMain, AAA, Autonomous Research, Kroll Bond Rating Agency, Thomson Locations: Washington

☆ Affirm CEO on Amazon partnership: Our mission is to bring honest financial products to customers
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAffirm CEO on Amazon partnership: Our mission is to bring honest financial products to customersMax Levchin, Affirm CEO, joins 'Closing Bell: Overtime' to discuss the company's partnership with Amazon.

Persons: Max Levchin Organizations: Amazon

☆ Affirm CEO on state of consumer, tightening access to credit and tech workers
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAffirm CEO on state of consumer, tightening access to credit and tech workersMax Levchin, Affirm CEO, joins 'Closing Bell: Overtime' to discuss tech layoffs and the state of the consumer.

☆ Morgan Stanley downgrades Affirm, says the payment firm's offerings are too narrow for its ambitions
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to step to the sidelines on Affirm following its disappointing earnings results this week, according to Morgan Stanley. Analyst James Faucette downgraded the online payments stock to equal weight from overweight, saying the scope of Affirm's offerings are too narrow. Affirm shares fell more than 3% in the premarket Friday. What's more, Affirm missed analyst expectations on both the top and bottom lines in its second-quarter earnings report. Affirm shares have increasingly come under pressure since the company's initial public offering in January 2021.

☆ Stocks making the biggest moves midday: Sonos, Salesforce, Disney, Credit Suisse and more
▼ + stars: | 2023-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Sonos — Shares surged 17% after Sonos reported a big beat in its fiscal first-quarter results. The audio products developer posted per-share earnings of 57 cents, compared to consensus estimates of 40 cents per share, according to Refinitiv. Affirm Holdings — The buy now, pay later finance company slumped 20% a day after its fiscal second-quarter earnings and revenue missed analysts' estimates, according to Refinitiv. Revenue and earnings were both below analysts' estimates, according to Refinitiv. Credit Suisse Group — Shares plunged 14% after the Swiss bank reported a fourth-quarter and annual net loss that missed estimates, according to Eikon.

☆ Affirm cuts 19% of workforce; shares tank on earnings miss
▼ + stars: | 2023-02-08 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Affirm announced it's cutting 19% of its workforce Wednesday. The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines. Levchin told shareholders Affirm expects to keep headcount "essentially flat for the foreseeable future." WATCH: Affirm misses on top and bottom, announces it's cutting 19% of workforce

☆ Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more
▼ + stars: | 2023-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Disney — Shares of the entertainment company rose more than 6% after the company released its fiscal first-quarter earnings report. Robinhood — Shares rose 5% after Robinhood missed revenue expectations in its latest earnings report. Analysts called for per-share earnings of $1.83 on revenue of $4.59 billion, according to FactSet. Although the company reported $1 billion in revenue for the latest quarter, compared to analysts' expectations of $958 million, according to Refinitiv. MGM beat analysts' estimates on fourth-quarter revenue, posting $3.59 billion compared to the $3.35 billion expected by Wall Street, according to Refinitiv.

☆ Many of tech's power-players are alumni of Peter Thiel's controversial fellowship, which pays entrepreneurs to drop out of college. See how they made their millions.
▼ + stars: | 2023-01-28 | by ( Samantha Delouya | ) www.businessinsider.com time to read: 1 min

What is the Thiel Fellowship? PayPal cofounder Peter Thiel speaks during a discussion at the National Press Club in Washington, DC, in 2011. After co-founding PayPal with Elon Musk and Max Levchin, Thiel went on to found Palantir. In fact, Thiel created a fellowship in 2011 that encourages entrepreneurs to choose the path less traveled and skip college altogether. The Thiel Fellowship, which started in 2011, "gives $100,000 to young people who want to build new things instead of sitting in a classroom," according to the fellowship's website.

☆ I performed magic tricks for Elon Musk at a PayPal reunion party. Here's what went down.
▼ + stars: | 2023-01-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Chan performed tricks for PayPal's 20th IPO anniversary last year, with Elon Musk also attending. Two decades later, I had the opportunity of a lifetime to perform magic tricks for my old company at PayPal's 20th IPO anniversary party in August. The invitation said it would be a "tricked-out PayPal reunion party" and I was very excited in the build-up. Daniel ChanMost of the PayPal founders, known as the "PayPal Mafia," were there, including Elon Musk, Peter Thiel, David Sacks, and Max Levchin. I fooled Elon Musk.

☆ Elon Musk is an 'avid' reader of science-fiction and likes to text about it, says Affirm CEO
▼ + stars: | 2022-12-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Elon Musk texts Affirm CEO Max Levchin texts about their mutual love for sci-fi, Levchin told Wired. Musk has talked about his love for sci-fi books and media in the past. "Our friendship is on a texting basis," Levchin told Wired. "I think what's happening at Twitter is Elon is sort of making sense of it," Levchin said. Levchin knew Musk back when they worked at early-stage PayPal together in 2000 — Levchin was CTO and Musk was CEO.

☆ What Cramer is watching Wednesday — Disney CEO must go, no Red wave, Meta job cuts
▼ + stars: | 2022-11-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

We looked how Club stocks did a year after the past five midterms. Affirm (AFRM): Many price target cuts and the stock down 12% in the premarket. Morgan Stanley cuts price target to $11.50 per share from $15; keeps underperform (sell) rating. BofA cuts price target to $61 per share from $73. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The most common interview questions PayPal asks job candidates, and how to use the 'STAR' method to answer them
▼ + stars: | 2022-08-11 | by ( Phil Mcparlane | Day Week | ) www.businessinsider.com time to read: +11 min

Here's a breakdown of the company's interview processBefore we jump into the PayPal interview questions, let's summarize the process, so you know what to expect. To effectively answer these questions, we suggest following the STAR format, which helps interviewees answer questions to best their ability. These are four common interview questions and how you might answer themAs mentioned, you can expect job-specific technical and behavioral interview questions. However, since technical questions vary between roles, we will discuss the common behavioral questions that every candidate can expect. During the PayPal Interview, you should answer using the STAR format for behavioral questions and keep technical responses more matter of fact.

☆ Meet 16 top reverse-logistics leaders tackling retail's $761 billion e-commerce returns problem
▼ + stars: | 2022-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +19 min

Becca Meinz, the vice president of end-to-end supply chain at Best BuyBecca Meinz is the vice president of the end-to-end supply chain for Best Buy. Steve Lewis, the senior vice president of commercial strategy at GXOSteve Lewis is the senior vice president for commercial strategy at GXO. Kraig Foreman, the president of e-commerce at DHL Supply Chain North AmericaKraig Foreman is the president of e-commerce at DHL Supply Chain North America. Eduardo Vilar, the senior vice president of merchant solutions at AffirmEduardo Vilar is the senior vice president of merchant solutions at Affirm. Glen Sutton, the executive vice president at Ceva LogisticsGlen Sutton is an the executive vice president at Ceva Logistics.

☆ Elon Musk and Peter Thiel were both Silicon Valley outsiders until they joined forces to form PayPal. A new book reveals details of their tumultuous rise to the top.
▼ + stars: | 2022-02-23 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +7 min

It is these stark differences in approach to business, management, and culture that make the story so engrossing. Thanks to a 2007 Fortune magazine cover story complete with a Godfather-esque photo, the "PayPal Mafia" have taken on unjustified mythic status in Silicon Valley. The Founders provides the tools needed to develop a more balanced view of Silicon Valley and its larger-than-life personalities. It also suggests which aspects of that era of Silicon Valley culture are worth preserving — or maybe even rediscovering. His most recent book is "The Platform Delusion: Who Wins and Who Loses in the Age of Tech Titans."

☆ Moldova Startup Week 2020: startup-urile din Moldova vor fi incluse pe harta internațională
▼ + stars: | 2020-11-05 | by ( Onixmedia Srl | ) diez.md time to read: +7 min

Celor curajoși le vin în ajutor mai multe inițiative de dezvoltare lansate cu suportul partenerilor internaționali, așa cum este și „Moldova Startup Week 2020” (16-20 noiembrie 2020) – cel mai important eveniment local dedicat antreprenoriatului. „Moldova Startup Week 2020” este un eveniment Techstars organizat de Programul Startup Moldova cu suportul Agenției pentru Dezvoltare Internațională a Statelor Unite (USAID) și a Suediei, în cadrul Proiectului TEKWILL. „Moldova Startup Week 2020” face parte din seria de proiecte dezvoltate de TEKWILL în cadrul Programului Național Startup Moldova. Vino la „Moldova Startup Week 2020”! „Moldova Startup Week” este un eveniment marca Techstars, care are loc în peste 50 de țări din lume.

Persons: Ana Chirița, Jan, Max Levchin, !, . Organizations: Statelor, Samsung, Siemens, City, Blink, Forbes SUA, Sillicon Locations: Moldova, Statelor Unite, Suediei, Republica Moldova, Europa, Europa Centrală, Est, Ucraina, SUA, București, Statelor Unite ale Americii, Israelul, China, India, Canada

☆ Emerging markets, M&A, and new services: here are the key trends to watch in the fast-changing payments space
▼ + stars: | 2019-09-23 | by ( Shannen Balogh | ) www.businessinsider.com time to read: +11 min

Emerging markets, led by Latin America, powered 6% growth in global payments revenue last year, according to a brand new report from McKinsey. Consulting firm McKinsey & Company published its 2019 Global Payments Map report on Monday at the Sibos conference in London. It flagged strong growth in areas of global payments revenue, and drilled down into changes that legacy financial institutions may need to make to capture some of the broader space. Emerging markets driving revenue growthMcKinsey expects payments revenues to top $2.7 trillion by 2023. One key factor of growth here is the increase in electronic payments, especially in emerging markets, the report said.

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