Pagaya Technologies’ Slumping Stock May Be Overlooked
Pagaya Technologies saw its share price drop 24% on Monday after reporting disappointing quarterly results. Despite the decline, the company’s earnings reached $335 million, a 20% increase year-over-year. However, network volume only grew by 3%, to $2.7 billion. The discrepancy between top- and bottom-line growth rates has been attributed to Pagaya’s exit from its single-family … Read more