Axios

Axios @axios

Lawyer's plan for Trump to overturn 2020 election included firing acting AG https://t.co/2govXL6x93 — PolitiTweet.org

Axios @axios

Senate GOP fundraising flop https://t.co/edLeU7GfhZ — PolitiTweet.org

Axios @axios

The gubernatorial campaign of Rep. Lee Zeldin submitted roughly 13,000 invalid signatures in an effort to appear on the ballot as a third-party candidate, New York's Board of Elections determined this week. https://t.co/I9HpDLq2F3 — PolitiTweet.org

Axios @axios

Data from telescopes in space and on Earth — including the powerful new James Webb Space Telescope — will give astronomers their best shot yet of figuring out how the first stars and galaxies in the universe formed and evolved. https://t.co/esTwImu4gl — PolitiTweet.org

Axios @axios

Top Senate Republican candidates turned in poor fundraising numbers in key races from Arizona to New Hampshire. https://t.co/wo1W4vKArG — PolitiTweet.org

Axios @axios

Confronted by Biden on Khashoggi killing, MBS pointed to U.S. "mistakes" https://t.co/yvyz5iDDig — PolitiTweet.org

Axios @axios

RT @AndrewSolender: Thompson on Friday, pre-Secret Service subpoena: "They were positioned to secure the vice president, the president, and… — PolitiTweet.org

Axios @axios

Mike Pence testifying to the congressional panel investigating the Jan. 6 Capitol Riot could set a “very risky precedent," Pence’s former chief of staff told CBS news. https://t.co/Eu8Ks8P4oS — PolitiTweet.org

Axios @axios

Lia Thomas nominated for NCAA Woman of the Year award by her university https://t.co/IUzJjnF2Xu — PolitiTweet.org

Axios @axios

Dems are publicly fuming that Joe Manchin can't be trusted and has doubled-crossed them yet again on Build Back Better. But privately, they're taking him at his word that he's still committed to working with them to lower prescription drug prices. https://t.co/uoidliVG3X — PolitiTweet.org

Axios @axios

Everything you need to know about Buy Now, Pay Later https://t.co/Wc1EeRC7nA — PolitiTweet.org

Axios @axios

BNPL startups have only existed in a low interest rate environment. Rising rates will put their business models to the test. https://t.co/599r45ZVjq — PolitiTweet.org

Axios @axios

It's unlikely that BNPL activity will make it into FICO or VantageScore models anytime soon. https://t.co/zQ7aAzwx03 — PolitiTweet.org

Axios @axios

Despite those efforts, the industry still can't agree on a standard reporting structure for the most common form of short-term installment loan. As a result, many BNPL providers remain picky about what they are willing to share with the bureaus. https://t.co/zQ7aAzwx03 — PolitiTweet.org

Axios @axios

BNPL activity still doesn't affect consumer credit scores. But over the past six months, the top three U.S. credit bureaus — Equifax, TransUnion, and Experian — have all begun working with BNPL firms. https://t.co/zQ7aAzwx03 — PolitiTweet.org

Axios @axios

Now growth is slowing dramatically. In October and November of 2020, BNPL orders were growing at a 528% year-on-year pace. By January and February of this year, that number had fallen to 53%. https://t.co/7lCASoWZLg — PolitiTweet.org

Axios @axios

The pandemic boom led many to focus less on margins and profits, especially as new entrants thickened the competition. "Klarna was profitable in the first 14 years of its life, and then went with the growth play," former Klarna exec Derek Joyce. https://t.co/7lCASoWZLg — PolitiTweet.org

Axios @axios

The pandemic-fueled explosion in e-commerce was a boon for BNPL, which consumers usually encounter when they're ready to pay for their online purchases. https://t.co/7lCASoWZLg — PolitiTweet.org

Axios @axios

Klarna, a Sweden-based BNPL company, announced this week a stunning 85% valuation cut as part of raising $800 million in new funding. https://t.co/7lCASoWZLg — PolitiTweet.org

Axios @axios

BNPL valuations, like other beneficiaries of the pandemic's boom times, are getting a reality check. https://t.co/Tu3g8ArLeA https://t.co/ytylMb7CAR — PolitiTweet.org

Axios @axios

Biden told nine Arab leaders at a summit in Saudi Arabia that the U.S. "will not walk away" from the Middle East and "leave a vacuum to be filled by China, Russia or Iran." https://t.co/pG4qnbsQl2 — PolitiTweet.org

Axios @axios

This year alone BNPL projected to grow by more than 43%, to $180 billion. The young BNPL industry has yet to be tested through an economic downturn. The next recession, if and when it comes, could put serious strains on borrowers and lenders alike. https://t.co/cIvhoweAVD — PolitiTweet.org

Axios @axios

If you buy a lot using BNPL, you can end up in real debt trouble. It lacks most of the consumer protections that come with credit cards. The industry remains largely unregulated, but the Consumer Financial Protection Bureau is looking into the industry. https://t.co/cIvhoweAVD — PolitiTweet.org

Axios @axios

Though it does sometimes charge interest, it also makes a lot of money directly from merchants who find that buyers are more likely to pull the trigger on a big purchase if they can spread the payments out. https://t.co/cIvhoweAVD — PolitiTweet.org

Axios @axios

Affirm, the biggest BNPL company in the U.S., lends for longer time periods against durable goods — most famously, Peloton bikes. https://t.co/cIvhoweAVD — PolitiTweet.org

Axios @axios

In Europe, many BNPL services allow you to receive your order and decide whether you want to keep it before you pay for it in full. In the U.S., BNPL is generally pitched as a cashflow benefit — a way to pay for items over time if you don't have enough to pay in full today. https://t.co/tZ3qdmtzD8 — PolitiTweet.org

Axios @axios

It has emerged as one of the most convenient online payment mechanisms for people without credit cards — which includes many young Americans, and a majority of online shoppers in countries like Germany. https://t.co/cIvhoweAVD — PolitiTweet.org

Axios @axios

Buy-now-pay-later is a rapidly growing but controversial way for consumers to borrow money to pay for goods and services. Think of it as the Gen Z credit card. https://t.co/cIvhoweAVD — PolitiTweet.org

Axios @axios

Buy now, pay later (BNPL) is an industry where the rate of growth is exceeded only by the pace at which valuations are falling. Here’s everything you need to know about it. 👇https://t.co/lkX9TkkeWm — PolitiTweet.org

Axios @axios

Federal investigators did not act unlawfully when they seized a phone from an attorney who aided Trump's efforts to overturn the 2020 election, a U.S. District judge in New Mexico wrote in a new opinion Friday. https://t.co/1NlEjUshIu — PolitiTweet.org