Remitly's 24% Stock Selloff Looks Like Trouble From Trump's Immigration Crackdown
NegativeFinancial Markets

Remitly's 24% Stock Selloff Looks Like Trouble From Trump's Immigration Crackdown
Remitly, a fintech company specializing in remittances, has seen its stock plummet by 24% following a disappointing earnings report that revealed a forecast of much slower growth. This downturn is particularly concerning as it coincides with heightened scrutiny on immigration policies under Trump's administration, which could impact the flow of remittances. Investors are worried about the company's ability to maintain its previous growth trajectory, making this a significant moment for Remitly and its stakeholders.
— via World Pulse Now AI Editorial System







