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Tech + Loans Don’t Mix: Upstart Stock Power Deep Dive

Tech Stocks To Watch

Loans. Some people need them, and some people avoid them like the plague.

I am one of the latter people. But for others, loans are essential for school, a car purchase or even starting a business.

Upstart Holdings Inc. (Nasdaq: UPST) set out to partner with banks and credit unions to make consumer loans more accessible.

For school, employment and anything in between, Upstart was the answer.

However, Upstart’s stock tanked over the last year and hasn’t shown any sign of upward movement.

And now it’s one of the many companies planning layoffs.

That’s not good news for its stock or the company.

Let’s look at its recent layoff news and what that means for the company.

This post appeared first on Money & Markets, LLC.