Wall Street Chat – Carvana Stock Crashes, Upstart is in Danger, Stablecoin isn’t Stable

Every Monday Kevin Matthews II from Building Bread and I talk about what is happening on Wall Street!

• Carvana, blaming a “recession” in auto sales, said it is cutting 2,500 jobs and informed some workers of the layoffs via Zoom
• Upstart stock dropped after management cut full-year guidance and spoke cautiously about the macroeconomic environment.
• Luna the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0.