Why Pagaya Technologies Stock Plummeted by Almost 24% Today

The fintech didn't meet the high expectations of Mr. Market.Next-generation fintech Pagaya Technologies (PGY 23.87%) wasn't exactly looking like the stock of the future on Monday. It posted quarterly results that displeased the market, leading to a share price slide of almost 24%. Good, but not good enoughReporting both its fourth-quarter and annual results, Pagaya divulged that it earned $335 million in total revenue and other income for the quarter. This was 20% higher year over year. However, the company ...