UPST down -22%. A quick overview:

Upstart Holdings, Inc. (UPST) is trading -22% lower at 26.44 today.

Upstart Holdings, Inc. has been trading between a 52-week high of 401.49 and a 52-week low of 25.43. The stock has a market cap of 2.24 Billion.

The stock fell after a poor second-quarter preliminary earnings report that deviated strongly from the projections of it's previous forecasts. This is pushing the price of shares down.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit traderverse:

Bzammitt - 16 upvotes - source
I remember a guy who went all in on UPST puts (hundreds of thousands, if not more). I don’t recall his expiry, but I don’t think it was long enough. God speed internet stranger, if only your timing was different you’d be retired..😫

Coleman013 - 12 upvotes - source
Just realized UPST is down over 90% from its highs. At least it’s still outperforming the pot stocks

Mysterious_Ad_2777 - 9 upvotes - source
“Can you tell us what UPST does?” **”Sorry you’re breaking up”** 

TABid-5073 - 8 upvotes - source
UPST getting pumped up to $400 and now going to hit 20 is just incredible

Spiritual_Extreme_81 - 7 upvotes - source
UPST is only the beginning bull 📉📉📉

Opposite_Engine_6776 - 6 upvotes - source
What does UPST do again?

clarence_worley90 - 5 upvotes - source
lol UPST slashing forecast yet again, you love to see it and of course, investors are blaming the company for their bad decisions [https://www.prnewswire.com/news-releases/upst-lawsuit-alert-levi--korsinsky-notifies-upstart-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301581590.html](https://www.prnewswire.com/news-releases/upst-lawsuit-alert-levi--korsinsky-notifies-upstart-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301581590.html)

iyervikas81 - 5 upvotes - source
Glad I sold Jan 2024 40c covered calls on UPST for $2250. My cost basis is 38 ish and I also have Aug 19 35p as protection. That's how options are meant to be used fellas 🙌

Many-Mess3899 - 5 upvotes - source
spy tanks tomoroow off speculation of earnings, led by UPST

heathermyllz - 5 upvotes - source
UPST was $400 last year