Why Upstart Stock Was Falling Today
Shares of Upstart (NASDAQ: UPST), the AI-based loan origination platform, were moving lower after the company topped revenue estimates in its first-quarter earnings report, but margins narrowed, showing it had to spend more to drive that growth.
Upstart's business model makes it easy for the company to deliver revenue growth as it can make more loans to bring in more fees, but it's key for the model to deliver growth on the bottom line.
As of 1:23 p.m. ET, the stock was down 8.1% on the news.
Source Fool.com
