Huge news from Amazon

But it's a bit concerning for shoppers
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Hey there!

Amazon announced a huge new partnership on Friday afternoon.

Now, for a company as big as Amazon, a new partnership isn't really a shock.

But this one had a big effect in the market, especially for the company they are partnering with…

But it does leave me a little concerned.

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Amazon announced a partnership with Affirm, a "buy now, pay later" company that helps folks pay for items over time.

And that news shot Affirm's (AFRM) stock into the clouds!

If my quicky calculations are correct, Affirm's market cap is up about $6 billion from where it closed on Friday.

Not a bad evening!

But I do have one concern about this…

Financial literacy is already way too rare.

And giving people another option to put themselves in debt, to get an instant reward and delay their payment, that could lead to some folks making some bad decisions.

But hey, that's thinking too negative!

This is a great thing for the company, and probably a really helpful thing for some people, too!

As for you, just be careful with "pay as you go" setups.

If you have the money, it's great! But just be smart about it!

Happy Sunday,

Markay

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