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RiskReversal Pod

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Buy Now Pay Later Stocks - You Can't Re-Invent Lending

A firm pulled its ABS deal from the market, and that looked like it was the beginning of the end for the buy now pay later stocks. So you can't reinvent lending. These stocks are on their way to zero. I mean, these things are down 90% I think. And so one of them got acquired square, which one did they buy?

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