 Not good So money geeks must be here. Welcome to another video guys. So in this one, we are going to talk about a firm Which is a company that we cover here on the channel when they went public And I told you guys what I thought about the company If I was gonna be investing in the company or not. So that was a while back I think that was last year we talked about it I covered the IPO here on the channel and so there's been some major news on the company And I want us to talk about that But before we get to the guys if you're new to the channel We took about how to earn money and the save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification bell to don't miss out on new Content so again a firm is a company that is actually involved in the financial space for by now Pay later so they when they went public, you know They kind of introduce themselves as the leader in that space and I did the video here told you guys my perspective on The buy now pay later, which I said If you guys watch that video or I can hook it up here on the YouTube card to you guys Go check it out. I said I'm not a big fan of borrowing So if I have to unless it's an emergency When and I would have to get into debt for that Well, otherwise, I'm not gonna borrow to buy a couch to buy a TV to buy a phone To buy any sort of our technology unless it's an emergency So I'm not gonna I'm not a big fan of the model. So I said I wasn't gonna invest in the stock So I'm not sure if any of you guys did invest it in the company and if you did good for you But recently I just got these news that just came out of that Affirm shares you see here falls on report Apple is working with Goldman Sachs to offer buy now pay later service So this is huge because Apple is already like slowly but steadily getting into the financial space As you know, you have Apple pay the Apple credit card They have all different financial tools that they're building into their platforms or they want you to use their services to pay for their services Which is kind of I mean awesome in the sense of the keeping everything in-house. You don't want to outsource everything I like the whole prospect of that for somebody that loved the Apple ecosystem if you want to be in that space Good for you. The only reason I don't like the whole approach is that you have pretty much everything Being run by one company even though behind the scenes like in this case They're using Goldman Sachs But if Apple goes down you have an issue with a lot of your services Which I don't like to bundle everything I'm putting on the one company But nevertheless, it was still a business a good business model when a firm came out and went public And they were looking pretty good But now this is not good that Apple is trying to get into the space So I'm looking forward to seeing how this is gonna really play out because we've seen Other reports that Apple was working to get an electric vehicle and that never really panned out so Anticipate that a lot of this report are going to be coming out here, but until we see it I think this one makes the most sense in my personal opinion because Apple is already Working in that space. They already have a credit card So it's easy for them to say hey use our credit card and buy whatever and then pay later So it's easy for them to kind of went to just go that route and start Providing their service again a couple of the fact that they have what they call the Apple wallet Which gives them again additional services that people would want to because it's easy you log into your your Apple account All your services are right there at your fingertip. You don't have to be connecting a bunch of third-party You know services to get you going so I can I can see why this makes the most sense But again, just be careful that We're getting a lot of these news out there Remember when I did a video here on tele-docs that the stock actually really tumble because there was a report that Amazon was working on a Service to kind of counter what tele-docs was doing right telemedicine So Amazon has a service in-house and I said this is not looking good Because if Amazon makes this thing and go public would see some some issues here So I wasn't a big a proponent of that say yeah I was gonna get out of tele-doc and go invest my money and something else and a lot of people People that don't even know me Which I mean you gotta go check the comments on that video people would just like oh, you don't even know what you're doing Oh, tell it dogs is the best like dude like that's okay. This is that's my take I am not forcing you to go sell your Tele-doc shares and ever since that happened where's tele-docs today tele-docs it went from over $200 is not sitting at about 155 it again like I said, that's didn't there's no news right now that Apple is Amazon is gonna do something if they go ahead and do what tele-docs is gonna tumble even some so That's just was just my take on it. So again, if you are invested in a firm guys These news should be very critical. So let me show you guys what happened to the stock after this happened So look at the stock was actually trading up here as you can see here today High was about $66 almost 67 as soon as the news came out if they dropped from 66 or 65 down to about 55 so that's almost like a $10 drop if you can see that today It went down 10% which is insane before kind of squeezing back up again and in currency 58 now, but this is not good news because if this really happens Affirm might actually see a chunk of their business because if they have any customer That is an Apple user that uses the Apple wallet Guess what those people are gone because it's so easy for them to just work within the act the Apple Ecosphere and get your business and take care of your services and pay their bills on time. So I mean I'm not invested in this talk just a transparency I don't plan on investing in it if anything I'm gonna day trade it I'm on a short the stock if I continue to see bad news coming out Because if if Apple comes out tomorrow and actually confirm this and say we're moving forward This is what we're doing. You can see another maybe 10 15% drop Before you can find some support and balance back so that would be a shorting opportunity So that's what I wanted to cover in this video guys again Just a quick recap here affirm one of the buy now pay later services. That's out there It's actually Really getting beat up because Apple just came out with news that they are working with a Goldman Sachs to offer a buy now Pay later services. So as you can see here the stock actually took massive bidding ticket symbol for our firm is AF RM So if you want to go check it out everything would check it out. Yeah, I said affirm all they do is just gonna buy now pay later service That's it. So let me know what you think about is do you think this is just nothing? We have these big companies that will come out and make this news But nothing really materialized or you think that this is not good for a firm like I'm thinking So again, let me know in the comment section if you're new to the channel We talk about how to earn money at the save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content also guys if you're looking to get set up with investing We both has their promotion where if you sign up and deposit a hundred dollars You get some free stocks links in the description in as always guys. Do your due diligence Don't be a greedy savage and stay motivated