Fold Holdings: A Capital Allocation Pickle Is Emerging
Core Insights - The article discusses the investment outlook for Fold Holdings (FLD), highlighting a previous 'hold' rating due to a lack of interest in the rewards business [1] Company Analysis - Fold Holdings is currently facing challenges in attracting interest in its rewards business, which has influenced the analyst's decision to maintain a 'hold' rating on the stock [1] Industry Context - The article reflects broader trends in the rewards and crypto sectors, indicating potential difficulties for companies that do not generate sufficient interest or engagement from consumers [1]