Affirm Surges 12% — The "War Chest" Buyback That Triggered a Short Squeeze
Implied Podcast · Implied Podcast™
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Show Notes
Affirm just pulled off the market’s wildest reversal of the month. What started as a 6% pre-market drop on news of a massive $750 million debt offering turned into a 12% surge by the closing bell. Why? Because Wall Street realized this wasn't a desperate cash grab—it was a calculated power move. In this episode, we break down how Affirm is using cheap debt to fund a $300 million stock buyback, forcing shorts to cover and betting big on their own holiday performance. Is this a masterclass in financial engineering, or is Affirm getting too expensive in a fragile economy? Tune in to find out why the script just flipped for AFRM.