Shares of Upstart were falling almost 60% Tuesday after the artificial-intelligence lending company slashed its full-year revenue outlook, noting the possibilities of a recession.
Upstart (ticker: UPST) said it expects revenue in 2022 of about $1.25 billion, down from its previous forecast of $1.4 billion. The company said revenue in its second quarter will be about $295 million to $305 million, below Wall Street forecasts of $335 million.
“While…