UPST shares dipped -20% today. Here's what's happening:

Shares of Upstart Holdings, Inc. (UPST) are trading -20% lower at a price of $27.09 at the time of this writing. The share price dropped sharply after warning it's Q2 project losses were larger than expected.

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 $2.3 Billion.

Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart- powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated.

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™:

Usual_Cow6410 - 12 upvotes - source
negative Forecast from MU, RH, UPST is enough for me. ppl overlooking these warnings. Then act surprised when earnings suck or poor guidance.

LightBoyRick69 - 6 upvotes - source
Imagine buying UPST this week because Cramer was bullish

gettendies - 6 upvotes - source
Can't wait till AFRM tells UPST to hold my beer

steakN_eggs - 6 upvotes - source
How the fuck was upst trading at 400? Imagine holding that bag.

Physical-Lettuce9698 - 4 upvotes - source
UPST chart is built like mountains lol

solidsneeze - 3 upvotes - source
tempted to get all up in UPST

predict-irrational - 3 upvotes - source
buying upst seems like a good deal?

Liljowinks93 - 3 upvotes - source
TOMA PUTOS. #UPST

LavishnessTimely7372 - 1 upvotes - source
Puts on UPST was the play today