Shares of Figure Technology, a blockchain-based lending platform, experienced a significant downturn, crashing 20% following the release of its Q4 earnings report, according to reports. While the company surpassed revenue expectations, it reportedly fell short on earnings. Despite this, the company's annual profit reached $134 million, according to reports. The market reacted negatively to the mixed financial results, leading to the sharp decline in the company's stock value, according to reports.

Shares of Figure Technology, a blockchain-based lending platform, experienced a significant downturn, crashing 20% following the release of its Q4 earnings report, according to reports. While the company surpassed revenue expectations, it reportedly fell short on earnings. Despite this, the company's annual profit reached $134 million, according to reports. The market reacted negatively to the mixed financial results, leading to the sharp decline in the company's stock value, according to reports.