Sezzle Beat on Revenue and Raised Guidance. Its Stock Lost a Third of Its Value in a Day.
Buy now, pay later (BNPL) company Sezzle (SEZL -33.89%) closed at $178.53 on Thursday. By Friday’s close, the stock was at $118.02 — a one-day decline of 33.89% that wiped out about $2 billion of market value. The whole company was worth about $6 billion at Thursday’s close and just under $4 billion a day…