| The 3Q21 earnings season has been something of a minefield for investors in shares of FinTech companies, as the series of beat-and-raise quarterly prints that such firms had routinely posted during the past few quarters, aided by tailwinds from behavioral changes stemming from the COVID-19 pandemic, were replaced by missed consensus estimates and muted guidance. Headwinds from reopening-related normalization, supply chain issues, inflationary pressures, and other economic challenges caused some significant pullbacks in the prices of FinTech stocks that had been viewed as the unimpeachable beneficiaries of secular tailwinds. |