Remitly's 24% Stock Selloff Looks Like Trouble From Trump's Immigration Crackdown
1. Remitly's stock plummeted 24% after disappointing Q3 results. 2. Expected Q4 revenue growth has slowed to 22%, down from prior rates. 3. Remittance payments to Mexico fell 5.5% due to immigration issues. 4. Concerns over stablecoins and immigration policy impact growth forecast. 5. Uncertainty around growth drivers worries investors, exacerbating stock decline.