NASSAU RE/IMAGINE
A recently-released report from Adobe’s e-commerce division shows that the pandemic helped increase online sales nearly $190 million between March 2020 and this February. The headline-grabbing prediction of the first $1 trillion e-commerce year in 2022 should have sent e-commerce stocks soaring, but it didn’t. What happened here?
A great case in point is Affirm Holdings (AFRM: Nasdaq) led by a former founder of PayPal (PYPL: Nasdaq), Max Levchin. Affirm reached a high in February, but has dropped 40% since then, primarily on the basis of weaker reported sales.
Affirm’s entire business model challenges the notion of how our future wallets may look. How we pay for transactions has been driven historically by which card falls out of a wallet first. The decision to pull out cash, a debit card, or a credit card has not always reflected a rational consumer choice…
Read the full article here: https://www.benzinga.com/news/21/04/20749044/the-future-of-e-commerce-and-the-contents-of-our-new-wallets
