1. Affirm shares drop after Klarna becomes Walmart's exclusive BNPL provider. 2. Klarna partners with OnePay for Walmart's consumer installment loans. 3. Affirm had exclusive BNPL partnership with Walmart since 2019. 4. Klarna CEO claims partnership is a game changer for shoppers. 5. Affirm's shares fell over 11% in premarket trading.
Klarna's move directly undermines Affirm's market share with Walmart's exclusive deal. Historically, exclusive contracts in retail can drastically change stock valuations.
The news directly affects Affirm's strategic position in the BNPL space. Given their historical partnership with Walmart and the swift market reaction, this event carries high importance.
The immediate effect is significant, shown by the 11% drop in shares. Such news typically impacts stock prices quickly, unlike long-term changes.