Breaking Down Affirm’s Earnings, Identifying the Next Big Terror Threat & U.S. Judge Issues Ruling in Apple vs. Epic Trial
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 10 September 2021
⏱️ 51 minutes
🧾️ Download transcript
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| 0:00.0 | I'm Carl Kintania. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:07.0 | Good Friday morning. Welcome to Tech Check. I'm Carl Kintania with John Fort and Julia Borsston. |
| 0:11.6 | Today, buy now, pay later. Gets a lot of affirmation this morning. Get a breakdown of the firm's pretty good quarter. |
| 0:17.8 | And if there is still room to run, Then after years in the clouds, we finally |
| 0:21.8 | have some new hardware to discuss the latest as Facebook and Amazon rollouts and new products, |
| 0:27.3 | glasses and a TV. And finally, it is a somber day here on CNBC as we mark the 20th anniversary |
| 0:33.4 | of the 9-11 terrorist attacks. So throughout the hour, we will reflect on what that day meant |
| 0:38.8 | and talk about a few business issues related to cybersecurity and defense. John, indeed, |
| 0:44.5 | an important day to do that reflection, but we are going to start with a stop. People are |
| 0:50.0 | definitely buying now, by now, pay later company, a firm surging. I mean, look at that. |
| 0:55.4 | Up 25 plus percent after the company reported 71 percent revenue growth for the quarter, |
| 1:01.6 | alongside strong guidance that doesn't even factor in any potential contributions from the company's |
| 1:07.2 | partnership with Amazon. That's a program that's still being rolled out globally, |
| 1:11.8 | and that a firm did underscore is non-exclusive. Active customers at a firm saw a jump with more |
| 1:17.9 | than 7.1 million people using the service. That's an increase of almost 2 million new |
| 1:23.6 | customers for the quarter. But keep in mind, even with all the double-digit surges, the |
| 1:28.3 | stock's up almost 70% this month, still more than 20% off the highs hit in February and joins |
| 1:34.4 | a host of high-growth tech stocks that are surpassing, or at least nearing those February levels, |
| 1:39.9 | guys. And I mean, what a quarter here. Max Lepchin has been on with us and has been saying that something like this is coming. |
| 1:47.4 | It's not just bikes. |
| 1:48.8 | It's not just Peloton. |
| 1:50.4 | Gross merchandise volume outside of Peloton. |
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