Afterpay Valuation, page-1338

you're missing the point...this happens as apt devotion almost always leads to myopic thinking

context matters, so if you care to read my comments in the context of a credit provider being paid 4% on transaction value minus expenses, minus losses ..then it leaves paper thin margin for error....

apt is a volumes game, more so than card providers, and without this volume, it will struggle to maintain the buffer it currently has created for itself