Here's Why Nu Holdings Fell 60% in the First Half of 2022

·2 min read

The consumer-facing bank took a hit as interest rates across most of the world increased and investors grew increasingly concerned about the economy. Nu Holdings, which is backed by Berkshire Hathaway, went public at the end of December at a tough time for fintech stocks. Investors were starting to realize that inflation might be alarmingly high and that the Federal Reserve may not have a handle on it as suggested at the time.