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Affirm stock fell after the forecasts raised concerns about Amazon impact

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Affirm stock

Affirm stock Inc. shares fell over 20% on Thursday following the buy-now, pay-later company mistook announced earnings results in the early hours, only to be confronted with tricky questions regarding how the new partnerships affected revenues.

Affirm stock AFRM -21.42 per cent revenue for the fiscal second quarter jumped to $361 million, up from $204 million according to analysts polled by FactSet had expected $329 million in the average.

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However, affirm’s forecast for the current quarter called for higher-than-expected volume but lower-than-anticipated revenue, eliciting questions about the impact of new partner Amazon.com Inc.

The results suggested to at the very least one analyst that although the new partnership between Affirm and Amazon AMZN, -1.36% has proven successful in generating more volume for the company, however, it may also be accompanied by less of a “take a percentage,” which effectively refers to the Affirm’s yield per transaction.

According to Mizuho Analyst Dan Dolev:

The company’s gross profit as a proportion of its volume decreased to around 8 per cent in the December quarter, down from approximately 10% in September quarter.

It is understandable considering the possibility of a lower Peloton PTON, -3.38% mix (which is a 12 per cent taking rate) and substantially greater Amazon mixed in, and comes with a softer take rate,” He wrote in a letter to customers.

The gross merchandise volume of Affirm (or the value in dollars) of transactions made on its platform increased to $4.5 billion, up from $2.1 billion in the previous year. The company did note that the figure doubled without Amazon.

Chief Financial Officer Michael Linford alluded to the various financial profiles of the multiple offerings offered by Affirm during the conference call later that day if its split-pay offerings provide more immediate revenue gains than the interest-bearing offerings.

You’ve seen lots of growth in the split-pay service, but with hefty merchant fees and lots of change for users, which is a result of that.

Furthermore, it has an interest-bearing offering, like what it just launched on Amazon, which it believes in yielding financial gains in the future. The offerings for enterprises “will generate massive processing volume in addition to in the end we think they’ll have excellent economics.

Affirm can make money from its loans by the loan until maturity or by selling them to a third party with interest-bearing offers. If it manages the loans, it can recognize interest income for the life of the loan.

“Hence that this quarter’s revenue is only a small portion of the yield we’ll ultimately get from the GMV we made in Q2.” Linford continued.

Concerning Amazon, Affirm sees delays in its benefits because it has interest-paying offerings in conjunction with the online giant, as stated by Mizuho’s Dolev; however, the Amazon arrangement could also result in naturally lower-taking rates.

The Amazon offer also opens Affirm to new customers, thanks to the online giant’s widespread platform. It could be one reason why Affirm is willing to settle for lower rates for take-home.

Affirm shares fell 21.4 per cent during Thursday’s regular session following the announcement released just before three p.m. Eastern time, following the company’s tweets that announced certain aspects related to its results before time. It then deleted the tweets. The shares were in the range of 11.9 per cent before Thursday’s announcement when the first glimpses of information were released. However, they slid lower when Affirm issued its full report and outlook.

“Due due to human errors, a tiny part of Affirm’s fiscal Q2 results was accidentally posted on the official account on Twitter earlier in the day,” the company later tweeted. Affirm was expected to release its results following Thursday’s closing bell.

The stock fell an additional 7.2 per cent after-hours trading Thursday when the outlook was a significant subject of discussion during the call. Bank of America analyst Jason Kupferberg pointed out that although Affirm has increased its volume forecast for the entire year by about $1.5 million, the company only changed its outlook on revenue about the cost of transactions.

It affirmed forecasts of $14.58 billion to $14.78 billion in gross merchandise volume for the current fiscal year. However, its previous full-year outlook released in November predicted $13.13 billion to $13.38 billion in GMV. The company is now expecting 585-$595million of fewer transaction costs up in the lower range from its previous outlook that ranged from $580 to $595 million.

Kupferberg said: I believe this is a situation that’s frightening people slightly, on the call, and asked what percentage of the trends in the Affirm’s forecasts is related to Amazon.

Linford said: Amazon could be part of it, as were other interest-bearing arrangements which can harm revenues.

The most apparent effect on the cost of transaction less revenue as proportional to GMV is the spread towards split-pay, which is lower than the other mix.

In the long term, Affirm has targeted revenue without transaction costs of between 3% and 4% of GMV. The firm has been “operating at the upper portion of the spectrum.

Dolev said: Not surprising, the growth of Amazon on Affirm is a significant factor in driving a rise in fiscal year GMV. Nevertheless, investors should be aware that the previous guide didn’t include the Amazon impact, and therefore, it isn’t apples-to-apples with the new direction.

Despite the strong adverse reaction to the stock market on Thursday, Dolev was still bullish about Affirm’s report.

While this stock may be currently in the penalty box at present, however, we believe that the growth from Affirm’s Amazon partnership and other partnerships affirms the Affirm stance as an option to take advantage of the credit.

Barclays Analyst Ramsey El-Assal took a similar perspective.

While the improved prospects for GMV didn’t translate to expectations for net revenue and with profitability appearing to be farther out, we believe that today’s selling off seemed to be a reaction to a reasonable period for a company that is making steady progress in expanding its networks.

The company posted its fiscal second-quarter total loss of $159.7 million (57 cents) a share. It compares to an operating deficit of $26.6 million which is 38 cents per share, in the prior-year quarter.

Affirm has reported the operating results in the amount of $196.2 million, while it had revenues of $26.8 million in the previous year. The figure includes an increase of $82 million in compensation for the stock-based stock after Affirm’s Jan. 2021 public offering. The metric also incorporates the company’s investments in hiring, product and marketing, according to the company’s release.

Affirm anticipates gross merchandise volume at $3.61 billion to $3.71 billion in the current quarter, whereas analysts had expected $3.5 billion. Affirm also hopes for a $325 million- $335 million revenue range. The Fact Set consensus was $335.5 million.

The stock has plunged 63% over the last three months, and its S&P 500 index SPX, -1.81 per cent, has dropped 3.9 per cent.

Important Note: This replaces an earlier article that incorrectly reported the second quarter’s revenue compared to analyst expectations. The error has been rectified.

Source: Google Trend

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FWC Whitelist – Keeping Fish In Florida Proposed Rule

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FWC Whitelist

FWC Whitelist

FWC Whitelist Rules will change fish keeping forever as per Proposed Rule – Nonnative Fish and Wildlife.

People should have realized how big this industry is in Florida.

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There is a severe threat in Florida to owning fish as a pet, just like you see different pet hobbies on YouTubers who share their pet’s videos as daily activities. 

This law prohibits first pet hobbies from owning almost 80 percent of the day of the fish inside this pond right here. White and black lists say that you cannot or can keep the first with you under the terms of a pet on your personal property.

GAR, Haku, Red Tails, Jaguar Cichlid, and clown knife fish are some of the fists that come under the FWC blocklist. These fish would not be allowed here in Florida, and that is because FWC has proposed some rules that will change fish keeping forever here in Florida. 

Koi Fish Lover: Koi fish would be good to keep as pets.

If passed, this won’t only affect just fresh water, but it will also affect the saltwater side of things as well, “Corals, invertebrates” and everything. 

Many fish pets like mine don’t know which fish to keep and which not to keep. Such as Giraffe, which is known as catfish, on the FWC blacklist or FWC whitelist? Let’s discuss 

Now granted, I need to catch up on this whole subject, and I had meant to share this information through the icsbusiness website a while back to bring awareness to it, but we still have plenty of time. I will explain how you can help in just a second lets me give you the rundown on why this is happening.

What this is exactly is a white list FWC (Florida Fish and Wildlife)

Florida Fish and Wildlife is proposing this thing called an FWC white list. An FWC whitelist is essentially a list of everything that we, as the hobbyist, can keep legally as opposed to a blacklist which we, a hobbyist, would prefer because then it would just be a specific list of “X” amount of species that we couldn’t keep. It is different, though; this is a list of what you can control.

FWC Whitelist

FWC Whitelist

Black List FWC

Now the issue with the white list is of comparison to the “Black List FWC” is the white list. We are still determining what could be on this list. They could tell you that you can’t keep your “Betta fist,” If you keep that betta fish, you get consequences, which doesn’t make any sense. One of the options that they are considering and they are considering two options at this point. 

What FWC Said about Nonnative Fish and Wildlife?

FWC Says: Any animal that could live in Florida not reviewed by FWC is illegal. 

As per the YouTube records, the video was taken while talking to the FWC department on call. 

Video share on 14th MAY 2023. Video Time talk on 5:17 

“If an animal hasn’t been assessed by fhc staff and they’ve assessed. I believe less than 200 animals weigh less than 200 out of the 30 to 40 thousand in our industry”.

 

The conversation continues…

They didn’t realize how many animals were in this industry, so when they’ve only assessed 200, that would be the only 200 legally correct. 

Well, assuming that they assessed them, they decided there was no threat. So if option two were to pass, our industry would just shut down.

The conversation ends.

One of the local Florida Fish Pet Store Said: Now my friend Tommy the aquarium guy, which you might know if you are living in Florida, said that “it best an FWC whitelist is going to be extremely hard for FWC to enforce.” Because in that case, they’d have to come to everyone’s residential homes and first stores as well. And they will have to go through and seriously identify every one of those fish inside the store. 

Let’s be honest; even someone in this hobby 24/7 talks about research. You don’t know every species, and you’d be surprised at how many FWC officers need to be more knowledgeable. 

FWC Whitelist

FWC Whitelist

Why is FWC doing this (Issue FWC Whitelist And Blacklist)?

The goal of what they’re doing here is to avoid any non-native species taking over Florida’s ecosystem. But they have it all wrong.

For example, you go to a store and buy a “Paku fish.” This fish is 1.5 to 2 inches in size. When you go to the store, you see these little tiny fish, and you’re like, these are so cool and predatory. Little do you know a buck who gets so big that you have nowhere to put it? Once it grows, they get extremely large. So don’t be fooled; it can go the same route for the hybrid catfish beast here. And red tail cap fish. They are super small; the more they eat, they’re literally, the bigger they get.

I don’t know how big Beast is, but he’s got to be pushing ten-plus pounds, maybe more. I don’t know, and that’s just a couple of years old. 

What do people do when their first grows more than 10 pounds in a year?

When people don’t have ponds like 500 plus gallons to their house, then what do they do? They take that fish, go to a local lake, and release it. And with the heat here in Florida, it’s so similar to where they’re actually native to. We only get a few absolute freezes or cold fronts. They end up thriving in our ecosystems, feeding off native species. And then that’s like what FWC is trying to avoid. But there are better ways to do it. 

What they do not entirely process?

Let’s say for myself, not that I would do this. But if I had a Pacu, red tails, and all this. This law was indeed passed, and it was a thing. I won’t sit here and kill my animals; right, no one will ever do this.

So what people like myself may do is not say I would. But as any human would, they will release it, right? They will remove this Paku, red tail, etc., before FWC gets to them. And then, a mass amount of people are doing this same thing. And it will triple or quadruple, if not 15x, what they didn’t want. It’s all going to happen in the blink of an eye.

Because no one’s trying to get in trouble, everyone will release their stuff into the wild. So that at least has a chance instead of killing it themselves, which makes sense.

Does FWC Whitelist and Blacklist Effects Florida Environment?

That makes sense. Something like this that we’re witnessing has the potential to be super bad for Florida’s environment. And all Florida’s native species and this goes just like I had mentioned for corals as well, all these beautiful corals, not saying every single one of them. But a good portion of them could be on that FWC whitelist where I’m no longer allowed to keep them.

It’s a horrible thing in itself, let alone the fact that we are losing our pets. 

What Cause If people take FWC as a threat?

Think of the businesses that this will affect. You know all of our friends at “Top Shelf,” located in Florida, will be affected. And not only that, but if you live in Florida and want to buy something from a different state. You won’t be able to get it into Florida because it’ll be illegal. So it’ll affect businesses outside of the state as well. Which then trickles down to people’s jobs and lives, what they do for a living. U.S Arc has been on top of this whole thing. If you want to read more about it, check out the website Articles of what’s being discussed: FWC Proposed Rule – Nonnative Fish and Wildlife.

Why did FWC seek permission to publish the suggested text for a rule governing non-native fish and wildlife?

The FWC rules update in Florida to stop the spread of new non-native fish and wildlife by employing risk assessments to ensure they don’t represent a serious threat to Florida.

Myfwc Wildlife habitats Nonnatives Prohibited Species List – Prohibited Nonnative Species List

Aquatic Invertebrates:
Mussels           Dreissena polymorpha (Zebra mussel)
Dreissena bugensis (Quagga mussel)
Crabs  Eriocheir, all species including E. sinensis (Mitten crab)
Crayfish          Genus Cherax, all species (except C. quadricarinatus cultured in a closed tank system)
Freshwater Fish:
Sunfish            Lepomis cyanellus (Green sunfish)
Electric Catfishes        Family Malapteruridae, all species
African Tigerfishes      Genus Hydrocynus, all species
Electric Eels    Family Electrophoridae
Piranhas and Pirambebas      Subfamily Serrasalminae, all species of piranha and pirambeba
Snakeheads    Family Channidae, all species
Trahiras           Family Erythrinidae, all species
Airsac Catfishes          Family Heteropneustidae, all species
Tilapias            Genera Tilapia, Sarotherodon, Alcolapia and Oreochromis, all species except Oreochromis
aureus, Oreochromis urolepis, Oreochromis mossambicus, and Oreochromis niloticus
Walking Catfishes       Family Clariidae, all species except Clarias batrachus
Lampreys        Family Petromyzonidae, all species
Parasitic Catfishes      Family Trichomycteridae, all species
Marine Species:
Weever Fishes            Family Trachinidae, all species
Stonefishes     Genus Synanceia, all species
Mammals:
Rodents           Cricetomys emini (Emin’s giant pouched rat)
Cricetomys gambianus (Gambian pouched rat)
Bats     Pteropus sp. (flying foxes)
Carnivores      Alitax sp., Cynictis sp., Herpestes sp., Ichneumia sp., Mungos sp., and Suricata sp. (Mongooses, meerkats)
Cuon sp. (dhole/Indian wild dog)
Marsupials       Trichosurus vulpecula (brushtail possum)
Reptiles:
Lizards Green Iguana (Iguana iguana)
Tegus (genera Salvator and Tupinambis, all species)
Nile monitor (Varanus niloticus)
Snakes            Boiga irregularis (brown tree snake)
A). Eunectes beniensis (Beni anaconda)
B). Eunectes deschauenseei (DeSchauensee’s anaconda)
C). Eunectes notaeus (yellow anaconda)
Sea Snakes    Family Hydrophiidae, all species, except that sea snakes may be possessed as described in paragraph 68-5.007(1)(f), F.A.C.

List Source By: https://myfwc.com/wildlifehabitats/nonnatives/prohibited-species-list/

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Kayla unbehaun update: Where Is She Now (Found or Missing)

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kayla unbehaun update

We are back again with another piece of news; today, the report is about the Kayla unbehaun update. If you live in the United States, you know the 2017 American Independance Day.

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This day was a celebration for the whole country but not for Kayle’s father, Ryan Iskerka.

What happened back then, and why today was the Kayla unbehaun update released…

kayla unbehaun update

kayla unbehaun update

Kayla Unbehaun Update

Kayla Unbehaun, then nine years old, was in Wheaton, Illinois, visiting her mother on the Fourth of July in 2017, the same day Americans around the United States enjoyed Independence Day with barbecues and fireworks and quality time spent with their families.

The next day, after work, her father, Ryan Iskerka, went to get his daughter, Kayla. But when he got to the house where Kayla’s mother lived, neither Kayla nor her mother, Heather, were there.

Heather’s father and uncle told Ryan that Heather had taken Kayla camping in Wisconsin, but Ryan was suspicious and called the cops right away. It is the first time anyone has seen or heard from Kayla and Heather.

An arrest warrant has been issued for Heather Unbehaun at this time for kidnapping.

Kayla Still Missing: PodCast Interview With Kayla Father

You can listen to podcasts complete Kayla Father, where he interviews the (Replay: Kayla Unbehaun – The Vanished Podcast). Where he opened up completed and how such a situation occurred, his relationship with his wife, and more.

Reference: https://podcasts.apple.com/si/podcast/replay-kayla-unbehaun/id1081124929?i=1000608132603

NOTE: You need iTunes to use Apple Music

Source: Google Trend

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Screen Burn Fix: Mostly Appears On Samsung Galaxy Devices

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screen burn fix

Screen Burn Fix On My Android Device?

If you’re spending enough time debating the pros and cons of LCD as opposed to OLED display technology, eventually, someone will touch on the dreaded OLED screen burn-in. The argument is that OLED displays are bound to be plagued by ugly artifacts over time, while LCDs and innovative technologies like Mini-LED don’t. However, like many of these discussions, you’ll likely be hearing as many exaggerated stories as there are facts concerning the subject.

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You have experienced it yourself. However, many users are concerned about the risk of burn-in when they consider their next smartphone purchase. Particularly as the more expensive flagships are now all-inclusive of OLED screen technology. Apple, Google, and other manufacturers recognize that burn-in may sometimes be a concern. OLED technology has recently been introduced to lower prices and has put the issue on the radar of even more customers.

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Does My Samsung screen burn warranty claim?

Screen Burn is not a broken or damaged device. As the term screen burn is used for the display, technically, the fault is caused by OLED screen color fade or display over headed due to software and display features appearing on screen while not using the device. Samsung should accept the warranty to drop or water damage screens. So you can claim the warranty of your Samsung Galaxy device.

Why do we use the term Screen Burn?

“Screen Burn” is a term used to describe a display with permanent “Screen Burn,” to describe a screen afflicted by permanent discoloration over any portion of the panel. It can be in the form of an outline of text or an image. It can also show the fade of colors and other visible designs or patches on display. The display still functions like normal; however, an obvious color or image remains even when the screen is off.

To be considered screen burn-in in the first place, these effects must be permanent and an error by the hardware that displays, instead of a glitch in the graphics that can cause a problem with software image retention and problems with the circuitry used by the display driver.

Which type of Display Panel, LCD/OLED, Cause Screen Burn?

In most cases, OLED display causes screen burn because of the updated display features that constantly appear while not using the device. In such a case, the screen got burned, and some spot or discoloration appeared on the screen.

The old CRT monitors had phosphor compounds that released light that produced images, increasing their brightness as they aged. LCD panels may also experience similar issues. However, they are fewer of them due to the nature of the backlight of LCD and the color matrix designs.

What is the cause o screen burn on Android devices?

The main reason for screen burn is the changing lifecycle of the display’s components that produce light. Their brightness alters as they age, and consequently, the panel’s color rendering changes with time. Every display will experience certain changes in its color when they get older, but this can be lessened by smart software. However, with burn-in, certain areas of the screen will age more quickly than others. The result is that the perceived shades for the screens in one region are more than others and leave what appears to be ghost images in the background.

With the advancement of smartphone and smartwatch technologies, screen burn-in may be a consequence of the differing life spans of the green, red, and blue subpixels of LED that are used to create OLED panels; as we’ve already mentioned that regions of the screen that do not change or are bright white, or are usually dark and off, like navigation buttons and the notification bar, will be among the top places to be affected by this issue. You might also begin to notice the result of darkened status bars designed to conceal the display’s notches.

screen burn fix

screen burn fix

How To Fix Screen Burn Display Easy Method On Samsung

Note: Make sure there is only a Screen Burn issue, not screens broken; otherwise, you have to replace the screen to eliminate any discoloration.

METHOD#1.

We already discussed why screen burns happen and how you can avoid them. In this method, we will explain, most importantly, how you can fix it.

Before you go with fixing screen burn, you need to know some important points that will help you understand why this happened.

Why did this happen? Screen burning can happen because of your status bar and navigation keys. When the same thing is displayed all the time, the same LED-powered constantly. After a while, those LEDs will lose some of these colors. It will cause screen burn effects.

It may take years, and sometimes users also complain about screen burn-in in just two months on their brand-new phones.

How to Stop Screen Burning? [Precaution]

If you purchase a new phone and don’t want the screen burn-in, you must take the necessary precautions to avoid the problem.

  1.  Keep your screen brightness low as possible. Use max brightness only when you use your phone in direct sunlight.
  2.  Keep changing your phone wallpapers, or you can use dark-colored wallpapers. Only use the static image on the screen for a short time. (You have noticed that Samsung changes its display clock position every time you unlock your screen)
  3.  If your phone has gesture navigation, turn off navigation when you get the phone.
  4.  Switch to dark mode as you are on android 9 or an upgrade version. Even some of the third-party apps also support dark mode. Use it where ever you can.

So without wasting time, let’s start the screen burns fix on Android devices.

Step#1. Download and install an app called Amoled screen burn fix.

Note: It is a third-party app so go with your choice.

To download, click on screen burn-in AMOLED and follow the instruction to install the app into your Android device.

Step#2. Once the app is installed successfully, tap on the app icon to launch the app.

Step#3. App open, tap on “Test Burn-in,” and AMOLED burn-in fixer will appear.

Step#4. You might see the hint of navigation keys. Now go to fix burn-in and tap “Enable colors” > Visibility enhancements.

Step#5. Enable “Negative colures,” notification appears “Turn off Edge lighting” tap on the “OK” button.

Step#6. Go back to the app, select “Navigation bar,” and “hide setting.” It will turn your screen black.

Note: This process is reversing the colures that are burn-in.

Step#7. Keep the black screen for 30 minutes daily until the burn-in shades are off completely.

Enjoy your OLED screen without a burn-in display.

METHOD#2.

If you’re worried about this problem, there are various ways to adapt to prolong the lifespan of your display and prevent the common ghosting effect.

Step#1. Make sure that your display’s brightness is at an acceptable level. A higher brightness demands more power and, consequently, reduces LED life. Do not increase the maximum brightness level unless you need to.

Step#2. Reduce the duration of your screen-off timer. Turning the screen off whenever you’re not in use will block static images from showing.

Step#3. Use Dark Mode if supported. A darker interface decreases the light and helps LEDs last longer.

Step#4. Make use of Immersive Mode If it’s, there is one. The notification bar is hidden, as static icons cannot be displayed. You can also choose one with the same feature, a hidden navigation bar, and drawer options for apps.

Step#5. Choose wallpaper with darker shades and then change it from time to time.

Step#6. It is possible to use keyboards with darker colors to avoid color loss on the lower part of the screen.

Step#7. If you use an app for navigation frequently for long distances, select one that doesn’t include many bright static elements of the interface.

Step#8. Change to gesture navigation, and drop on the keys in case the phone supports it. It will prevent burning into the lower edge side of your screen.

How OLED Displayed Made Up Of?

OLED displays consist of green, red, and blue LEDs. However, the various colors have distinct durations. The problem with blue LEDs is they possess considerably less luminous power than green or red pixels. It means that blue LEDs have to be powered by a greater current for the same size pixel to attain a similar brightness of green or red. A higher current causes the pixel’s brightness to decline quicker, which reduces its life span and, consequently, changes the display’s color towards green and red hues. So, if the OLED display’s color won’t change uniformly, it will eventually be a red/green tint.

Finally:

Screen burn-in should be fine for many people when considering buying a brand-new OLED Smartphone. Modern LCDs have longer life spans than the earlier OLED smartphones significantly. Make sure you don’t keep a static image in the display all day by setting the brightness to the maximum, and you’ll be able to take advantage of your displays for a long time without any issues. If you are looking to fix screen burn on s9, then the above method works to fix the screen burn-in.

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