A Twitter slip-up sent
Affirm Holdings Inc.’s
shares on a wild ride that ended with the buy-now-pay-later company’s worst one-day drop on record.
Affirm closed down 21% at $58.68, a huge reversal from its performance earlier in the day, after the company accidentally tweeted some key quarterly results early. At one point, shares were up more than 12% at nearly $84.
The company later deleted the tweet, which disclosed a 77% quarterly revenue jump and a big increase in transaction volume. “Another great quarter is in the books,” it said. Affirm said the cause was “human error.”
Investors initially cheered the abbreviated results, which seemed to punctuate Affirm’s breakout year. The company went public in January 2021, its…
