>You compare IOU to Grab - does IOU have scale?
Your primary issues with IOU are spending and insufficient revenue.
Grab lost 4 billion dollars and your reply to me is about scale. They were worth 10ish USD last year and have now dropped to 2.60. How is that "scale" working for investors? 75% drop, sounds familiar.
Make up your mind, what's the problem. You can pay 6 cents for shares in a company that is right on the edge of cashflow positive, or $2.60USD for one that lost 4 billion in 2021. Or why not buy some Zip? They're still worth 60 odd cents Kev! That's 10 times more than IOU, they have great prospects. The SCALE Kev, think of the scale.
>guess who turned out right in the end?
Broken clock is right twice a day. And I mean that with love for you <3
IOU's share price is, in my view, crap due to their crap communications. Everyone knows Afterpay and Zip and Klarna etc is losing money hand over fist and yet they position themselves as a BNPL. Instos have probably had enough of BNPL. Why would they spend any effort researching the actual companies positions and business plans for their relative size? Retail investors are probably a little more interested in putting petrol in their car and paying their mortgages right now rather than taking risks on a tiny Malaysian fintech. So.. yeah, the price was always gonna drop.
> IOU may be on its last legs if they still do not reel in some sort of funding within the next month or 2.
I looked up Atome and Hoolah too. Neither seem to be bringing that much money in, and yet, Atome got a 500 million dollar funding stream. Not sure about Hoolah. You'll need to educate me on the other two competitors.
What's the point of funding and scale for "the competitors" if the way they use it is to just throw it at consumers and call it "growth"?
>Time for sugar coating by ones like yourself
I'm not sugar coating a thing. You say they're getting wrecked by their competitors, well, that's a comment that needs a little context, isn't it?
Afterpays scale is unfathomable, are they profitable right now (or ever lol)? Zip? Klarna?
People were paying 120 bucks a pop for that.. and you complain about IOU? 1 year from BNPL launch? Come on!
If they dropped 50 million into BNPL churn that would not be a better outcome than what's happened. How is my literal comment "BNPL is dead" sugar coating?
And, dude. The writeup you just gave Grab. Pot, kettle
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