The Law Offices of Frank R. Cruz Announces Investigation of Affirm Holdings, Inc. (AFRM) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Affirm Holdings, Inc. (“Affirm” or the “Company”) (NASDAQ: AFRM) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On December 16, 2021, the Consumer Financial Protection Bureau issued an order to Affirm, along with four other companies offering "buy now, pay later" credit, seeking information about the companies' facilitation of excessive consumer debt, regulatory arbitrage, and data harvesting.

On this news, Affirm’s stock fell $11.74, or 10.6%, to close at $99.24 per share on December 16, 2021, thereby injuring investors.

Then, on, February 10, 2022, Affirm announced in a since-deleted tweet details of the Company’s financial performance, including that its sales rose 77%, suggesting revenue would beat expectations. Later that day, the Company announced its second quarter 2022 financial results, including a net loss of $159.7 million that missed analyst estimates of $100.3 million.

On this news, Affirm’s stock price fell $16.00, or 21%, to close at $58.68 per share on February 10, 2022, thereby injuring investors further.

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If you purchased Affirm securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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