I couldn’t agree more—Larry’s exit is looking smarter by the day. With all the pressures building on BNPL companies, especially with rising interest rates and inflation, it’s clear that these companies are heading for a tough ride. Affirm and Sezzle getting hammered in the US is just another sign that the market is losing confidence in the sector. As borrowing costs rise and consumer defaults increase, it’s hard to see how these businesses will keep growing. The challenges are only stacking up, and it feels like the pain for BNPL companies is far from over. Larry made the right call—looking at how things are shaping up, it’s hard to be anything but bearish on ZIP and the whole sector.
ZIP Price at posting:
$3.28 Sentiment: Sell Disclosure: Not Held
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