@BarnieTaintpipe Barnacle Taintpipe

Barnacle Taintpipe posts on X about fintech, $dave, $afrm, $chym the most. They currently have [------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

Engagements: [-----] #

[--] Week [-----] -75%
[--] Month [------] +38%
[--] Months [-------] +130,159%

Mentions: [--] #

[--] Week [--] no change
[--] Month [---] +69%
[--] Months [---] +4,344%

Followers: [------] #

[--] Week [---] +1.70%
[--] Month [---] +14%
[--] Months [---] +1,746%

CreatorRank: [---------] #

Social Influence

Social category influence stocks 58.33% finance 37.88% technology brands 9.09% countries 2.27% cryptocurrencies 0.76% fashion brands 0.76% financial services 0.76%

Social topic influence fintech 15.15%, $dave 14.39%, $afrm #24, $chym #2, business 9.09%, if you 6.06%, in the 6.06%, $klar #49, $hims 5.3%, beat 4.55%

Top accounts mentioned or mentioned by @ancientsion @beaniemaxi @alexand92792198 @nachunja @coopercapitai @paulcerro @wagiecapital @ericjackson @colininv @noyesclt @themoke009 @notechben @alexhjohnson @p14capitals @0xmerridew @thatgirltrader @tmtlongshort @revcap @josecorai @aureliusltd28

Top assets mentioned Dave Inc. (DAVE) Affirm Holdings, Inc. (AFRM) Chime Financial, Inc (CHYM) Klarna Group plc (KLAR) Hims & Hers Health, Inc. (HIMS) PayPal Holdings Inc (PYPL) Intuit Inc. (INTU) Block, Inc. (XYZ) Beyond Meat, Inc. (BYND) Sezzle Inc. Common Stock (SEZL) Snap, Inc. (SNAP) Marqeta, Inc. (MQ) Fiserv Inc (FISV) RAI Finance (SOFI) Alphabet Inc Class A (GOOGL) Rocket Companies, Inc. (RKT) Grab Holdings Limited Class A Ordinary Shares (GRAB) Metadium (META) Chipotle Mexican Grill, Inc. (CMG) McDonald's Corp (MCD) Upstart Holdings, Inc. (UPST) Carvana Co. (CVNA) Fiserv, Inc. (FI) StaFi (FIS) IonQ, Inc. (IONQ) Opendoor Technologies Inc Common Stock (OPEN) Asset Entities Inc. (ASST) PennyMac Financial Services, Inc. Common Stock (PFSI) Better Home & Finance Holding Company Class A Common Stock (BETR) 2131KOBUSHIDE (21)

Top Social Posts

Top posts by engagements in the last [--] hours

"$KLAR I'll say it again Klarna is below 1x EV / revenue"
X Link 2026-02-05T15:55Z [---] followers, [----] engagements

"@WagieCapital You are using too much of your brain for $SNAP I assure you it its not necessary"
X Link 2025-10-29T14:17Z [---] followers, [---] engagements

"This would be a mistake for the $PYPL team Not only for themselves in general but also right now the image of a payments company being too trigger happy with M&A is very bad People forget but $INTU was also killed last quarter over being too acquisitive. The fintech space seems tired of acquisitions that are too aspirational and wont believe anything until they see results"
X Link 2025-10-31T19:01Z [---] followers, [---] engagements

"There is a lot of nuance in this. $MCD and $CMG see lower traffic = "the people are struggling they are not buying our food." But $CHYM and $DAVE both said on their Q3'25 earnings calls that low-income spending incomes employment and merchant mix has not meaningfully changed so something else is happening that's more complex and probably in-between those two clickbait-worthy headlines"
X Link 2025-11-05T23:02Z [---] followers, [---] engagements

"Happy to take this one. I think I have the best take even over sell-side for this Q. $CHYM performed almost exactly as expected. Guidance raise could be rounded down to +0%. Management spent 30-40% of the time on call making excuses for why Purchase Volume per Active went down and explaining what OITs were. Regardless of how correct you may be this just sounds like an excuse to an investor. If they wanted to explain something with that much nuance that it requires that much time it should just be in the presentation. There was absolutely nothing exciting on the call. Calling out highest"
X Link 2025-11-06T15:17Z [---] followers, [---] engagements

"Confirmation that $AFRM is another one of the consumer lender fintechs that capital providers are adding to and not pulling back from. Winners so far: $AFRM $LC $SOFI Losers so far: $CVNA $UPST What's interesting is the perception of $AFRM being a low-quality BNPL lender that will go through a credit crisis at any moment but the reality is their underwriting is better than most think and can originate for a lower "quality" customer in a way that performs consistently and capital partners want more of not less. The capital partners' continued appetite even in this environment where we are"
X Link 2025-11-06T22:08Z [---] followers, [----] engagements

"$XYZ seems like it did okay but the market is immediately selling off anything that doesn't smash earnings expectations at the moment. Possibly a buying opportunity but $FI's commentary on Clover is legitimately scary for Square which has barely started getting its footing. For those unaware part of the reason (but not all) that Fiserv fell 50% after earnings is the new CEO announced Clover would be cutting its prices deeply to be more competitive and win share in the space reducing revenue growth expectations significantly. $TOST has obviously been kicking ass in the space for a while which"
X Link 2025-11-07T01:05Z [---] followers, [----] engagements

"Guys $CHYM is 13% better of a company than it was yesterday"
X Link 2025-11-07T20:11Z [---] followers, [---] engagements

"Dont forget $CHYM $DAVE saying the low-income consumer has stable spend income merchant mix not losing their jobs much more than they already were I am going to release articles on these names and low-income fintech in general to help people understand better I am seeing a lot of investors (middle-to-high income) talk about low-income like they know anything but they dont"
X Link 2025-11-08T19:01Z [---] followers, [---] engagements

"I'm optimistic that the market can melt up while the air is let out from the degen retail stuff. Price action today post-shutdown seems positive with actual companies going up and retail momo trash going down $IONQ $BYND with the Mike Alfred pump stocks $OPEN $ASST seeming to be the new flavor of the month. I still maintain that Mag [--] looks cheap on an earnings basis relative to their demonstrated growth and I know how much people hate the concentration of the S&P [---]. I'd bet it's going to get more concentrated but staying bearish just because of that would be a mistake"
X Link 2025-11-10T18:08Z [---] followers, [---] engagements

"I am saying your merit and logic (random internet guy who reads news articles) is not equivalent to the merit and logic of the AI researchers at Google and OpenAI who know the people who were hired personally and professionally and told me what I posted here verbally. If you truly disagree with this you are wrong and potentially an idiot. There is no other alternative. You can choose to believe whatever you want"
X Link 2025-11-11T15:59Z [---] followers, [---] engagements

"@ericjackson Eric Jackson's now covering $DAVE. I wrote an X article today to help you understand Dave's business a bit here if anyone is interested: https://x.com/BarnieTaintpipe/status/1988239810847285500s=20 https://t.co/7vNTehMWa4 https://x.com/BarnieTaintpipe/status/1988239810847285500s=20 https://t.co/7vNTehMWa4"
X Link 2025-11-12T05:10Z [---] followers, [---] engagements

"News that [--] Democratic Attorney Generals are "investigating" BNPL dragged some stocks down yesterday $AFRM $KLAR $SEZL $XYZ This is a nothingburger and equivalent to them having someone research each of their products and underwriting in-depth but instead each company will send them everything they need. They are likely just know nothing about it. The market should take it at face value when they say they are simply trying to fill a void that they believe the CFPB should be filling (which is true in some respects but the last CFPB was over-regulating and doing so by enforcement which was very"
X Link 2025-12-03T18:00Z [---] followers, [---] engagements

"http://x.com/i/article/2003377430288052224 http://x.com/i/article/2003377430288052224"
X Link 2025-12-23T08:20Z [---] followers, 13K engagements

"Its small and I dont make any money off of it but its pretty rewarding to only be writing about fintech on X for 2-ish months and already have the CEO of $DAVE and $MQ comment positively on my work. Gotta catch em all"
X Link 2025-12-23T22:13Z [---] followers, [----] engagements

"$RKT will benefit. Also $PFSI $BETR 🚨President Trump will immediately take steps to ban big institutional investors from buying more single family homes and he will be calling on Congress to codify it. https://t.co/Rq77lfs8Vi 🚨President Trump will immediately take steps to ban big institutional investors from buying more single family homes and he will be calling on Congress to codify it. https://t.co/Rq77lfs8Vi"
X Link 2026-01-07T18:04Z [---] followers, [----] engagements

"$MQ down 10% at open on a few analyst downgrades citing Cash App processor diversification concerns. This was known news for a while (see Q3'25 earnings transcript) and is accounted for in management guidance. Probably a good risk/return on that move rebounding"
X Link 2026-01-08T14:34Z [---] followers, [----] engagements

"@beaniemaxi This is a completely wrong use case of Chimes credit builder card and almost everyone in the comments is also getting it wrong with you"
X Link 2026-01-11T09:31Z [---] followers, [---] engagements

"@beaniemaxi No credit is actually provided. I mean what the fuck I hope you are not actually long $CHYM without understanding what it is"
X Link 2026-01-11T09:32Z [---] followers, [---] engagements

"Fintechs not being down 5-10% today $DAVE $AFRM $KLAR $SEZL $CHYM"
X Link 2026-01-15T16:08Z [---] followers, [----] engagements

"Oh is it Christmas for me. Gonna read this We are short $AFRM. Report at https://t.co/gXHJtdo2xm. Affirm is a highly levered subprime lender masquerading as FinTech and political scrutiny + the credit cycle is about to expose it. 1/10 We are short $AFRM. Report at https://t.co/gXHJtdo2xm. Affirm is a highly levered subprime lender masquerading as FinTech and political scrutiny + the credit cycle is about to expose it. 1/10"
X Link 2026-01-21T20:50Z [---] followers, [----] engagements

"(4/4) I'll close this out with a final point on downside case impact and fines. I don't think the risk is the stock going to $0 like that video claims for shock value. The worst case is Dave's ExtraCash officially becomes an EWA product and is regulated as such. This probably lowers the attach rate on their express fee by 5-10% and they may choose to pull out of very specific states that aren't really large in terms of user population. In terms of one-time legal costs maybe they have to commit more to legal accrual but with the way their EBITDA is growing the one-time costs here are probably"
X Link 2026-02-01T20:07Z [---] followers, [---] engagements

"Answered a followers question about $DAVE and EWA regulatory positioning with decent detail here reposting for visibility: @ColinInv (1/X) Writing a long response here because it's an extremely complicated topic. But what I would say is yes Dave is clearly in the line of sight of regulators but also how the risk resolves is unclear given where the product sits and how it does still genuinely benefit @ColinInv (1/X) Writing a long response here because it's an extremely complicated topic. But what I would say is yes Dave is clearly in the line of sight of regulators but also how the risk"
X Link 2026-02-02T01:25Z [---] followers, [----] engagements

"No breaks for fintech huh $FISV blew up the first set of fintech pods and maybe $PYPL is the next one"
X Link 2026-02-03T15:24Z [---] followers, [----] engagements

"@noyesclt Also he led the $12 billion Mailchimp acquisition at Intuit which led the first 20% of their recent 45% stumble"
X Link 2026-02-03T15:25Z [---] followers, [---] engagements

"All the $SNAP bulls on X forgot the golden rule Snap earnings follows the pattern of UP DOWN UP DOWN UP DOWN Last quarter was UP This quarter should be DOWN"
X Link 2026-02-03T16:32Z [---] followers, [----] engagements

"I was commenting on fintech pods blowing up after $FISV last quarter and $PYPL this quarter but the software pods are pretty clearly taking a massive hit and forcing derisking across many names and adjacencies"
X Link 2026-02-03T20:01Z [---] followers, [---] engagements

"@Alexand92792198 around 60% of their cash is free. the remainder balance is not per se restricted but you can conservatively assume it is all restricted if you wanted to. that would put you closer to 1.8x"
X Link 2026-02-05T16:15Z [---] followers, [---] engagements

"$DAVE is up on doing better than they said what they would do $AFRM is down on doing better than they said what they would do Let's see what they say"
X Link 2026-02-05T22:00Z [---] followers, [----] engagements

"$AFRM Straight into Q&A as usual. Consumer as they see it is quite healthy now Affirm is representative of a large subset of America but CEO reminds listeners that they actively reject people who they think cannot repay -- but even so they grew meaningfully and beat their guidance. https://twitter.com/i/web/status/2019533226713243856 https://twitter.com/i/web/status/2019533226713243856"
X Link 2026-02-05T22:06Z [---] followers, [----] engagements

"Seems like $AFRM call is slowing down in terms of useful / net new information. My general take the selling afterhours here feels like more antsy people feeling a lack of near-term catalyst and are derisking in this extremely fearful environment. Nothing to complain about business-wise from the call. Price action seems very much like an emotional overreaction or the last holdouts that wanted to sell but waited for earnings getting out. If anything the long-term prospects just improved and number of future levers to pull increased. Maybe joke's on me since I've held this the entire time but"
X Link 2026-02-05T22:43Z [---] followers, [----] engagements

"$DAVE released preliminary earnings after hours. Anyone can look at the price action after hours and see that it was positive. Beat on revenue EBITDA and delinquencies guidance (under 2.0% 28-day delinquencies with an original guide of 2.1%). As it turns out Dave management was not BSing when they said they have a good grasp on loss rates and can decide which levers to pull if they want to reduce loss rates versus grow gross profit. Who woulda thought. I expect the market to sell it off tomorrow because fundamentals for fintechs don't seem to matter. But while babies are being thrown out with"
X Link 2026-02-06T02:58Z [---] followers, [----] engagements

"Also taking a victory lap on $DAVE: They announced $227M EBITDA for preliminary FY25 results. I pulled up one of my published notes from June [--] [----] (I wasn't on X at the time) when Dave's guidance for full year EBITDA was $160M EBITDA. My number was $230M (you can back into that from 20x EBITDA at $219 share price). And the stock price is down 30% from then Talk about being super correct in a difficult way and it not paying off 🫠 https://twitter.com/i/web/status/2019608761971638761 https://twitter.com/i/web/status/2019608761971638761"
X Link 2026-02-06T03:07Z [---] followers, [----] engagements

"He beat all the $HIMS bulls shrieking nonsense for the last year and a half. Kudos again My holy war against hims & hers $HIMS might finally be coming to a close in [----]. All of [----] our work shared via Cedar Grove Capital Management consistently proved and highlighted all of the shady practices exaggerations and misleading things the company was doing in an https://t.co/RO7jmvAQ4t My holy war against hims & hers $HIMS might finally be coming to a close in [----]. All of [----] our work shared via Cedar Grove Capital Management consistently proved and highlighted all of the shady practices"
X Link 2026-02-07T23:16Z [---] followers, [----] engagements

"@nachunja @TheMoke009 They never right-sized enough after the fintech bubble popped compared to other fintechs. Should've happened a lot faster but they had too much going on and were too ambitious / not willing to reduce scope"
X Link 2026-02-08T05:18Z [---] followers, [--] engagements

"@NoTechBen @AlexH_Johnson Because it is not true Alex is correct"
X Link 2026-02-08T15:05Z [---] followers, [--] engagements

"$GRAB bought Stash. Bro why https://www.grab.com/sg/press/others/grab-accelerates-financial-services-roadmap-with-acquisition-of-digital-investing-platform-stash-financial-inc/ https://www.grab.com/sg/press/others/grab-accelerates-financial-services-roadmap-with-acquisition-of-digital-investing-platform-stash-financial-inc/"
X Link 2026-02-11T23:32Z [---] followers, [---] engagements

"BNPL should rip higher if true $AFRM $KLAR $XYZ $SEZL"
X Link 2026-01-10T02:54Z [---] followers, [----] engagements

"$KLAR is below a 1.0x EV/Sales 🤷♂"
X Link 2026-02-03T18:10Z [---] followers, [----] engagements

"$CHYM is solid here as well"
X Link 2026-02-03T20:30Z [---] followers, [---] engagements

"For example for $CHYM if you take out a MyPay advance (you qualify for these by direct depositing into Chime) the amount you owe will be deducted from your next paycheck. You have no say in the matter if that goes to your auto loan your student loan your credit card or anywhere else. It goes straight to your outstanding MyPay first. Therefore Chime is higher in the debt repayment waterfall for every consumer that direct deposits with them. For companies like $DAVE and $AFRM who don't necessarily own the direct deposit relationship but instead ask to designate a primary account to deduct"
X Link 2026-02-12T22:07Z [---] followers, [---] engagements

"@AncientSion @P14Capital's report linked in this comment is good for reference. I do not have a KLAR report ready to go. For reference I bought $KLAR at $21. It is a very weird level"
X Link 2026-02-11T20:10Z [---] followers, [---] engagements

"Fintechs go down when jobs reports are bad because people think delinquencies will 2x. Fintechs also go down when jobs reports are good because people think rate cuts won't happen. On top of that the perceived impact of these reports on delinquencies on some of these names like $AFRM $CHYM and $DAVE vs. the reality is much smaller due to structural advantage such that it isn't really warranted to pummel them along with the lending factor on a fundamental basis. Side note the jobs figures for [----] being revised down a ton implies that credit quality held up while the jobs picture was actually"
X Link 2026-02-11T19:06Z [---] followers, [----] engagements

"I am no financial advisor but $CHYM below $20 ahead of earnings seems like a good bet. Raising pricing on MyPay should also accommodate a raise in guidance or at the very least increase confidence in improving margin profile. In general the since the fall post-IPO pump started the market seems to have assigned a lot of volatility to Chime even though the business is almost entirely spend-driven. Its performance should be easier to predict relative to its fintech peers. https://twitter.com/i/web/status/2022354618181681609 https://twitter.com/i/web/status/2022354618181681609"
X Link 2026-02-13T16:58Z [---] followers, [---] engagements

"Looking at $SEZL Q3'25 earnings results and honestly don't understand how Sezzle bulls see this as a good quarter and have been crying wolf for the last week. If you ONLY look at total revenues and GMV then you could fool yourself. but this is horrendous IMO. Deeper analysis to come but it really looks like they are shitting the bed and my concerns on their short-term approach on monetizing all of their customers ASAP NOW without providing value that's worth the cost is proving 100% true"
X Link 2025-11-12T15:50Z [---] followers, [----] engagements

"Macro guys keep complaining about $MSFT $AMZN $META & $GOOGL pouring billions into GPUs & yelling bubble because humans are terrible at recognizing exponential change while its happening. What looks like reckless CapEx is just hyperscalers buying future margin. These Macro guys keep complaining about $MSFT $AMZN $META & $GOOGL pouring billions into GPUs & yelling bubble because humans are terrible at recognizing exponential change while its happening. What looks like reckless CapEx is just hyperscalers buying future margin. These"
X Link 2025-11-12T21:30Z [---] followers, [---] engagements

"@0xMerridew How many MAGA followers do you actually think you have"
X Link 2025-11-12T21:41Z [---] followers, [---] engagements

"$IBTA Ive been watching this since IPO and this is just a disaster. Was immensely over-reliant on Walmart benevolence to support its growth but if its really not attractive to consumers in this inflationary environment will the value prop ever resonate with consumers at scale"
X Link 2025-11-13T00:22Z [---] followers, [---] engagements

"@thatgirltrader You have to use easier words that these can people understand"
X Link 2025-11-13T00:36Z [---] followers, [---] engagements

"This took a lot more time than I expected but I wanted to do my negative view justice. I dont clickbait Im not a tunnel visioned shorter I am a subject matter expert in consumer fintech and have http://x.com/i/article/1988784640090394624 http://x.com/i/article/1988784640090394624"
X Link 2025-11-13T03:07Z [---] followers, [----] engagements

"My long take on $SEZL Q3'25 earnings. For anyone wondering why this stock cratered from $180 to $60 with a 20% short interest while seemingly performing well at a surface level this is for you. https://t.co/ze0MTynyqh https://t.co/ze0MTynyqh"
X Link 2025-11-13T03:17Z [---] followers, [----] engagements

"$DAVE opportunity here. This thing has a beta of like [--] and pretty low volume so it moves like this regularly for better or for worse. If I were a swing trader or daytrader I would LOVE this stock"
X Link 2025-11-13T16:49Z [---] followers, [----] engagements

"I followed Brigit closely before their acquisition by $UPBD but yes that's a good callout. It used to be pretty different because of the pricing structure but they may converge over time with $DAVE as Dave raises subscription pricing. Given they are part of a business that is much broader and very different there's not a ton of investable insights to glean from their quarterly updates. Same with MoneyLion which was acquired by $GEN. https://twitter.com/i/web/status/1989057952804917443 https://twitter.com/i/web/status/1989057952804917443"
X Link 2025-11-13T19:49Z [---] followers, [---] engagements

"@TMTLongShort @rev_cap Way too rational of a take. Delete your account"
X Link 2025-11-14T02:00Z [---] followers, [---] engagements

"@josecorai You're weird. I am bullish $XYZ. I am just saying they are a very disappointing company. You are yet another person who knows nothing but says everything"
X Link 2025-11-19T17:44Z [---] followers, [---] engagements

"@Aureliusltd28 Your favorite category -- $DAVE at under 10x forward P/E and going to unlock $250M of cash tied up on receivables on balance sheet from warehouse deal with $CCB in early Q2'26 for marketing / share repurchases"
X Link 2025-11-19T20:57Z [---] followers, [----] engagements

"I'd add in $AFRM and $MQ rather than $FISV and $JKHY. Maybe MQ at [--] and AFRM at [--] or [--]. BNPL is going to be a supertrend over the next 5-10 years and it's weird to not have these two here but include the legacy banking technology businesses IMO. MQ also powers more than BNPL although their growth is mainly coming from those players. https://twitter.com/i/web/status/1998166844306264358 https://twitter.com/i/web/status/1998166844306264358"
X Link 2025-12-08T23:04Z [---] followers, [---] engagements

"I expected $CHYM to go up but not that much that quickly No idea why it would really react this way to rate cuts though. Fintech as a whole reacting to this is a little odd as most of the business models in this segment aren't really that rate-sensitive (even "neobanks")"
X Link 2025-12-10T21:24Z [---] followers, [---] engagements

"Yes Neighborhoods is uniquely $XYZ which I like. On the other hand something like $CHYM will just need to build out partnerships that are still economic for stuff like mortgages ($PYPL) and personal loans (marketplaces like MoneyLion owned by $GEN or Credit Karma $INTU or Nerdwallet $NRDS). Not nearly as integrated and questionable value if not in-house but it cant start as a fully in-house solution for the reasons I stated before. https://twitter.com/i/web/status/2008604785164042433 https://twitter.com/i/web/status/2008604785164042433"
X Link 2026-01-06T18:21Z [---] followers, [---] engagements

"These teams at the respective IBs are not related not everything is a conspiracy against $SOFI. The investment banking team executed on the offering (equity capital markets industry coverage bankers on the private sell-side) and then the research team (public sell-side) updated targets likely reflecting the impact of dilution and their view for likelihood of future dilution for future capital needs. Not rocket science and not a conspiracy to keep the stock price down. @CedarStResearch @CarioCapital The two teams are different and do not interact with each other for regulatory purposes public"
X Link 2026-01-06T18:31Z [---] followers, [----] engagements

"Fed-related marketwide selloff and the Trump 10% interest cap news creating a selloff across many financial names. Looks a little bizarre on the BNPL / EWA basket which most agree on a consensus as beneficiaries in this world with less credit card line access (which of course will not happen at 10% but I think Trump's pressure can land the end state during his term somewhere between 20-30% today and his 10% scare tactic even if ends up at low 20% across the board). These fintech names have been running red hot from an RSI standpoint (1D) so a selloff was likely to come anyways this news combo"
X Link 2026-01-12T15:22Z [---] followers, [----] engagements

"@CooperCapitaI re $DAVE I wrote this article at $200 so it's not far off from today: https://x.com/BarnieTaintpipe/status/2003380212390871481s=20 https://t.co/L8egz0O009 https://x.com/BarnieTaintpipe/status/2003380212390871481s=20 https://t.co/L8egz0O009"
X Link 2026-01-13T15:25Z [---] followers, [---] engagements

"re $KLAR it is good if you believe that they will continue to execute and also grow their interest-bearing lending without significantly expanding losses as that would also imply the valuation gap between it and $AFRM should close (Klarna trades at a discount). I am looking at a trade on Klarna. If it gets near its historical bottom I will execute. https://twitter.com/i/web/status/2011098420446978097 https://twitter.com/i/web/status/2011098420446978097"
X Link 2026-01-13T15:30Z [---] followers, [---] engagements

"I know Schroders from my time in investment banking. Large asset management businesses are in part performance-based active management (obviously important in that business but doesn't need to outperform) and distribution networks across wealth management firms. Large asset managers typically are very successful in the latter with sprinklings of the former across specific key funds. Demand for the fund products that they sell is typically driven by uniqueness of offering (diversification purposes) or performance (more rarely). https://twitter.com/i/web/status/2011151904680919077"
X Link 2026-01-13T19:02Z [---] followers, [--] engagements

"This short report from Kerrisdale has a lot of assertions with misplaced confidence and authority around the regulatory environment of credit products / fintech and quality of credit underwriting that he makes pretty clear to an actual industry practitioner he knows nothing about. Put nicely the writer is a disingenuous idiot. 1/10 We are short $AFRM. Report at https://t.co/gXHJtdo2xm. Affirm is a highly levered subprime lender masquerading as FinTech and political scrutiny + the credit cycle is about to expose it. 1/10 We are short $AFRM. Report at https://t.co/gXHJtdo2xm. Affirm is a highly"
X Link 2026-01-22T01:30Z [---] followers, [----] engagements

"3/10 He also consistently speaks out of both sides of his mouth regarding BNPL business models and business practices. What he cannot do consistently is have a cohesive story: Affirm must be WAY worse quality than Klarna Block and PayPal because they generate so much interest income as a % of their business These competitors are VERY WELL positioned relative to Affirm because they dont have to rely on interest-bearing loans instead they have an honest business dealing primarily with merchant fees Affirms differentiated 0% APR loans are too risky They dont generate enough interest income Also"
X Link 2026-01-22T01:31Z [---] followers, [---] engagements

"4/10 He pretty much also completely avoids any analysis on Affirms BNPL products or underwriting practices themselves (because he doesnt know them) and asserts that all of their business is functionally equivalent to evergreen unsecured subprime credit card lending. My more regular readers will know that this is stupid but just to get through some main points quickly: BNPL is essentially if you had to apply for every single transaction on your credit card with the explicit right to deny you further credit access if the underwriting model deems you overextended (at least this is the Affirm"
X Link 2026-01-22T01:31Z [---] followers, [---] engagements

"My guess is he wrote most of the rest of it always and then jammed the Trump rate cap in there thinking it would help his case after it happened. He also ignores the sequence and speed at which this could possibly play out on the regulatory front. Anyone that knows the space knows that is also an important factor and respects it https://twitter.com/i/web/status/2014165369838088373 https://twitter.com/i/web/status/2014165369838088373"
X Link 2026-01-22T02:37Z [---] followers, [---] engagements

"Alright I've been buried under work for like [--] weeks and came back to this Who's fintech pod blew up and sent like 75% of my coverage down 20%+ Speak up I have things to say to you 😠"
X Link 2026-01-30T16:50Z [---] followers, [----] engagements

"(1/X) Writing a long response here because it's an extremely complicated topic. But what I would say is yes Dave is clearly in the line of sight of regulators but also how the risk resolves is unclear given where the product sits and how it does still genuinely benefit millions of customers. Anyone that draws conclusions or claims to know what the outcome will be over the next few years is simply BSing. I think it's oversimplifying an extremely nuanced regulatory gray area that has been developing in real time over the last [--] years (which spans pretty much the entirety of Dave's life as a"
X Link 2026-02-01T19:34Z [---] followers, [----] engagements

"(2/X) The history of EWA regulation has been complex politicized and not even close to concluding. There was under the Biden CFPB which was famous in the fintech space for regulation by enforcement and not actually providing any useful guidance several iterations of guidance that were not necessarily even relevant to D2C EWA but shaped many legal cases in the space. - November [----] CFPB EWA Advisory Opinion - June [----] CFPB EWA Proposed Interpretive Rule - January [----] CFPB EWA Advisory Opinion Rescission - May [----] CFPB Withdrawal of Nov [----] and Jan [----] Rescission - December [----] CFPB EWA"
X Link 2026-02-01T19:46Z [---] followers, [---] engagements

"(3/4) So EWA is now in a better spot than it has been. Where does that put $DAVE With a bit of irony Dave is technically not exactly a D2C EWA product. It lived in the D2C EWA regime until [----] when it pivoted to positioning as purely a bank overdraft product given its explicit mission since its founding to destroy bank overdraft products and the very unhelpful regulatory environment of EWA at the time. Dave's ask to regulators is simple: If our product is somehow bad for consumers even though we exist to disrupt the extremely predatory existing bank overdraft products making billions of"
X Link 2026-02-01T19:58Z [---] followers, [---] engagements

"I'm not sure if it will require a higher membership tier. Their rollout will probably be to their best customers first in Q2 [----] if I had to guess. It will be a BNPL debit card that does installment lending without having a merchant network. Other than that they have pretty much provided no guidance. It is possible that it could cannibalize ExtraCash revenue but they are trying to capture spend outside of the $500 they can extend to users. Typically users in this demographic spend $1000-2000 per month so there is a reality where they can lower their "take rate" on a customer's spend while"
X Link 2026-02-01T20:17Z [---] followers, [--] engagements

"Specifically when it comes to the share selling Imran Khan was a new investor who came in at $6 and decided to sell at $200 not exactly something to fault him for. CEO and CFO selling a bit is also fine. You have to understand that they saw millions of their net worth disappear overnight and it didnt come back for [--] years. It is okay for them to make some liquid money for their personal and family lives lol https://twitter.com/i/web/status/2018130978791903380 https://twitter.com/i/web/status/2018130978791903380"
X Link 2026-02-02T01:14Z [---] followers, [---] engagements

"@bobspaysubstack Oh no it's fintech earnings season again Bob How much will it hurt this quarter"
X Link 2026-02-02T22:11Z [---] followers, [---] engagements

"@Merridew__ Waiting for that Stripe IPO though. They've delayed it for like [--] years"
X Link 2026-02-03T15:43Z [---] followers, [---] engagements

"Great read on the interesting history of $PYPL's recent (or decade-long) struggles. I didn't know most of this even as a fintech "expert" New Blog - The Dumpster Fire of PayPal $PYPL. A mess created by Dan and perpetuated by continuous BOD failure. Enrique's appointment means a spin-off and sale of Braintree and probably Xoom. https://t.co/KdxttbnWfN New Blog - The Dumpster Fire of PayPal $PYPL. A mess created by Dan and perpetuated by continuous BOD failure. Enrique's appointment means a spin-off and sale of Braintree and probably Xoom. https://t.co/KdxttbnWfN"
X Link 2026-02-03T15:48Z [---] followers, [---] engagements

"@paulcerro Great coverage on this name as always Paul"
X Link 2026-02-03T18:36Z [---] followers, [---] engagements

"I know I'm fintech guy but trucking is coming @FreightAlley Broker here. I am underwater on ALL of my loads. not some. ALL. My biggest customer (a billion dollar global food company based in the US) is still putting pressure on all carriers to hold on for dear life. "it'll get better this spring" "a few more weeks and everything https://t.co/RtmznQOrrZ @FreightAlley Broker here. I am underwater on ALL of my loads. not some. ALL. My biggest customer (a billion dollar global food company based in the US) is still putting pressure on all carriers to hold on for dear life. "it'll get better this"
X Link 2026-02-03T19:26Z [---] followers, [---] engagements

"🚨THE ULTIMATE INVESTMENT STRATEGY $SNAP 🚨 NEXT QUARTER SNAP GOES UP 💚 All the $SNAP bulls on X forgot the golden rule Snap earnings follows the pattern of UP DOWN UP DOWN UP DOWN Last quarter was UP This quarter should be DOWN All the $SNAP bulls on X forgot the golden rule Snap earnings follows the pattern of UP DOWN UP DOWN UP DOWN Last quarter was UP This quarter should be DOWN"
X Link 2026-02-05T16:07Z [---] followers, [----] engagements

""Big Nothing" update: - First rodeo expect to get better and are planning the next one doing things differently and smarter - "There is more money in the banana stand" - Conversion boost is powerful - Skew highers credit quality self-selected due to 0% APR offering - Second order effect gains in Affirm Card growth outpaced GMV as a result - Good evidence over many months that folks who come into AFRM through 0% APR are happy to use AFRM for both interest-bearing and non-interest-bearing loans. The industry myth that signups for 0% AFRM BNPL only wanting 0% BNPL is not true"
X Link 2026-02-05T22:31Z [---] followers, [---] engagements

"Esusu rent BNPL partnership is a very small test. Not meant to split [--] months into [--] months -- not a useful use of their time. More meant to create short-term liquidity to distribute in-month cash flows (similar to EWA use case)"
X Link 2026-02-05T22:33Z [---] followers, [---] engagements

"Very excited about Intuit Quickbooks partnership. Unlocked ability to pay over time on business invoices which was completely outside of what their class of BNPL was available for until this"
X Link 2026-02-05T22:34Z [---] followers, [---] engagements

"$HIMS is no longer pretending. Today's developments are them officially throwing themselves onto the sword of "will the courts be irrationally populist and anti-pharma in the face of indisputable evidence of Hims being a bad actor or not""
X Link 2026-02-05T22:54Z [---] followers, [---] engagements

"@MF_Camillus No I agree that AFRM is one of the more comfy bets in fintech in a 5-10 year time horizon. Yes to your point: Scaled winning and will win more. Won't be an unbelievable mindblowing CAGR but you'll get a cool 15-20% with pretty high confidence is my guess"
X Link 2026-02-06T02:19Z [---] followers, [--] engagements

"Great question that I'll try to remember the answer to: - Believing the management team on the impact of their repricing test on ExtraCash economics / ARPU - Assuming that EBITDA margins would sustain (Q1 actuals showed 40.9% my full year estimate is not that far off at 41%) - Assuming ExtraCash size and draws per MTM would grow a small amount sequentially while keeping the spend business essentially flat - Believing they could hit a 50% YoY volume growth because I assumed they would generate more cash flow to put back into marketing in H2 which they would due to fast payback periods and need"
X Link 2026-02-06T03:31Z [---] followers, [---] engagements

"I honestly think if you don't have a convincing beat on Street estimates you get sold off with this market sentiment. Not only is fintech + software in the dumps with what has to have been some pods blowing up the entire market is now feeling the pain with MSFT GOOG and AMZN underperforming earnings on consecutive days. Crypto is also completely shitting the bed which unfortunately pulls down momentum and fintech as factors both of which companies like Dave and Affirm sit in. And then before that it was the lending / private credit / subprime factors getting sold off. Just extremely brutal"
X Link 2026-02-06T03:37Z [---] followers, [---] engagements

"Appreciate it I respect your coverage as well and we do share views on things like $RKT Two smart people are allowed to hold opposite opinions on things 🙏 I will drag the sentiment for fintech out of the gutter myself if I have to also my conservative rev growth assumption for the FULL year next year is under 40% and it still supports much higher prices if people dont think the sky is falling by then https://twitter.com/i/web/status/2019773120609939956 https://twitter.com/i/web/status/2019773120609939956"
X Link 2026-02-06T14:00Z [---] followers, [---] engagements

"@The__Solstice Bro it is plummeting on like 10-20% SI sometimes you're just wrong. Shorts can now get out at very reasonable prices even if $BYND squoze. Stop pump and dumping on retail it's embarrassing"
X Link 2025-10-24T19:49Z [---] followers, [---] engagements

"I've been witnessing Amy attempting to save your guys' money for the last week because she had the superpower of critical thinking to read a single SEC filing on EDGAR instead of monkeybraining via @grok and stale aggregator data. I agree with you completely. At this point you should ignore her completely and all-in on $BYND to really show her who's boss. Hold to $100 never let go or else the hedgies win"
X Link 2025-10-25T19:00Z [---] followers, [---] engagements

"It is bad. This means hundreds of millions of extra shares were missed by aggregator data quoted by FinTwit $BYND bulls last week and are now freely trading. So the promised "over 100% short interest" is no longer the case and is more like 10-20% which is not helpful for a short squeeze"
X Link 2025-10-25T21:06Z [---] followers, [---] engagements

"Wouldn't you see this as a relatively peaceful resolution in the near-term that will in my view get destabilized at near-random when either the U.S. or China trade teams see fit I know commentators on X have been discussing this like this outcome determines everything but I don't expect whatever the outcome is to be the same reality [--] months down the line if that makes sense. I would assume that this near-term resolution between the U.S. and China is tenuous at best while the U.S. continues to position with ex-China allies and secure national security interests while China continues to try to"
X Link 2025-10-26T17:48Z [---] followers, [----] engagements

"@HighyieldHarry I miss when companies were allowed to go bankrupt without everyone thinking the entire bond / private credit / ABS / CLO / CMBS market would crash in the next week"
X Link 2025-10-26T18:28Z [---] followers, [---] engagements

"Because: [--]. The $BYND shares were incorporated into float on the 17th [--]. BYND retail pumpers (you are included here) did not think that these shares were incorporated into the free float because they were subject to a 6-month lockup period (they were not) [--]. Shorters (likely to be mainly institutions) saw the announcement of 500% dilution and thought "hm that's bearish" (this is a reasonable take) and shorted the stock [--]. This caused short interest on data aggregators to look extremely elevated (numerator went up while denominator was actually 5x what it was showing on market data"
X Link 2025-10-28T01:37Z [---] followers, [----] engagements

"@paulcerro You are so brave always being willing to explain the basics of institutional finance to the masses"
X Link 2025-10-31T16:04Z [---] followers, [----] engagements

"$JPM is increasing their share inventory of $HIMS to lend out to their clients to short. It is very ironic that retail is pumping the name when it is more likely that means theres a lot of institutional volume looking to go short Doesnt mean that they will be right on earnings being bad btw but that seems to be the expectation at the moment"
X Link 2025-10-31T19:14Z [---] followers, [---] engagements

"Read his letters they outline his strategy pretty clearly. He plays more of a portfolio construction game moreso than much detailed diligence in longs and primarily manages shorts People can and do say whatever they want about @orrdavid but he is pretty clearly not a liar and actually pretty good at portfolio strategy despite not having a financial background"
X Link 2025-11-01T18:10Z [---] followers, [---] engagements

"@dividenddude I caught the bird and am holding him hostage in my studio apartment Sorry $DUOL hodlers"
X Link 2025-11-05T21:48Z [---] followers, 12K engagements

"Last Q on call: "Just priced something very attractively. Partners want to focus in on names that they know they can trust and that's why they partner with us""
X Link 2025-11-06T22:49Z [---] followers, [---] engagements

"This is like my second week on FinTwit and my god some of you people and your views on sales multiples are batshit insane"
X Link 2025-11-07T22:36Z [---] followers, [----] engagements

"@futuremillion24 If you read the bright green text at the bottom of your screenshot your mind will be BLOWN"
X Link 2025-11-08T19:07Z [---] followers, [----] engagements

"Maybe @BillAckmans best response he will ever have. Truly an all-time performance @ignatius_solon Billionaire activist man @ignatius_solon Billionaire activist man"
X Link 2025-11-10T03:53Z [---] followers, [---] engagements

"@buccocapital Goated response tbh and I don't even like the guy"
X Link 2025-11-10T04:09Z [---] followers, [---] engagements

"@blondesnmoney @siyul I cant wait for the next 1-day regional banking crisis. I loved it when people mansplained repo markets to me incorrectly. It made my peepee slightly turgid"
X Link 2025-11-11T00:31Z [---] followers, [--] engagements

"@JerryCap Most analysts moved down multiples for fintechs and payments companies because willingness to pay has been much lower in the sector for like [--] quarters straight It just be how it is. Now what you do"
X Link 2025-11-11T01:08Z [---] followers, [---] engagements

"@samsolid57 None of what you wrote is what he said or meant. Did you only read the Re: line"
X Link 2025-11-11T05:48Z [---] followers, [---] engagements

"What Ive heard from the researchers themselves are those poached by $META are the best of the best and that finance bro takes have been completely wrong and the opposite of the industrys actual opinion. Their performance will surprise everyone except for the people that actually work in the industry. I am not saying it will be the exact reason Meta hits $800 again by EOY. But I am saying your take is wrong"
X Link 2025-11-11T14:23Z [---] followers, [----] engagements

"@oguzerkan Man you know when this account posts a take that it MUST be wrong"
X Link 2025-11-11T14:40Z [---] followers, [---] engagements

"This is really really bad"
X Link 2025-11-12T16:39Z [---] followers, [---] engagements

"hey last quarter Bloomberg made this NY Fed chart go viral by deleting the Q2 data point and making it look like credit card delinquencies were going straight up where is your fake financial crisis now @business"
X Link 2025-11-12T19:52Z [---] followers, [---] engagements

"@capital_mindset This is a talented rage bait satire account They are very funny"
X Link 2025-11-12T19:57Z [---] followers, [---] engagements

"Market is very red. Fintech is equally red to retail momentum and shitcos. Tough sector to be bullish on 😂"
X Link 2025-11-13T16:48Z [---] followers, [---] engagements

"You Dont Understand Lower-income Fintech A Primer Do you actually know anything about the modern landscape for U.S. lower-income consumer fintech Id bet that you dont. This article is meant to cover the foundation of todays lower-income fintech http://x.com/i/article/1987790716207022080 http://x.com/i/article/1987790716207022080"
X Link 2025-11-11T13:38Z [---] followers, 12.8K engagements

"My holy war against hims & hers $HIMS might finally be coming to a close in [----]. All of [----] our work shared via Cedar Grove Capital Management consistently proved and highlighted all of the shady practices exaggerations and misleading things the company was doing in an "effort to help patients." It was nothing more than excuses to give them the right to make as much money as possible with a "pre-planned" stock sale plan into hyped and potentially overinflated earnings. We took a lot of heat for it just like all the shorts we've taken in the past (Peloton Robinhood Sweetgreen Chewy etc) but"
X Link 2026-02-06T22:14Z 13.5K followers, 19.2K engagements

"What happened to the " $HIMS isn't a GLP-1 company" crowd Seems pretty obvious they know it's the only main thing driving their growth"
X Link 2026-02-05T19:14Z 13.5K followers, [----] engagements

"I have never seen so many ACTUAL doctors going like "hey wait what the fuck""
X Link 2026-02-05T22:56Z [---] followers, [---] engagements

"True Im old enough to remember when market murdered AMZN for underinvesting. I am [--] months old. Im old enough to remember when market murdered AMZN for underinvesting. I am [--] months old"
X Link 2026-02-05T22:49Z [---] followers, [---] engagements

"Im old enough to remember when market murdered AMZN for underinvesting. I am [--] months old"
X Link 2026-02-05T22:03Z [----] followers, 30.4K engagements

""We see ourselves as kind of a 21st century AmEx" "We want to be a thing that consumers expect to see anywhere -- online and offline""
X Link 2026-02-05T22:45Z [---] followers, [---] engagements

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