LikeFolio’s Andy Swan covers consumer sentiment around Affirm (AFRM), which he notes has seasonal swings. Web visits are up “very significantly” year-over-year, but they’re still “middle of the pack” vs competitors. He notes that Affirm is turning GAAP-profitable, but they “traded away some growth” for it. He discusses how Affirm could perform in various economic scenarios and highlights their credit card as a growth area.