Most APT Investors are in Denial, page-47

i am not down ramping i am just stating facts, there is no balanced debate on this thread just people making personal attacks against anyone who has a differing opinion.


have a read of the Motley Fool article, the below is a snip from it.

Perhaps the worst element of the news for Afterpay bulls is that Visa is reportedly considering offering the buy-now-pay-later instalment option to merchants for free as Visa still makes money on every transaction it processes.
By comparison Afterpay charges merchants a fee up to 4%, so it would make little sense for Afterpay’s merchants to use it over Visa’s option.

As if that news isn’t scary enough Forbes is also reporting that JP Morgan as the US’s largest consumer-facing bank will also “offer POS financing without the help of Visa, MasterCard or any card network. After a Chase cardholder makes a purchase, she can log into the Chase app and decide that, instead of letting the purchase fall into her revolving credit line, she’ll pay for it in installments. Activating this feature will be done on JPMorgan’s own technology rails.”
It’s also worth considering if JP Morgan can develop the tech to do this, then it’s likely most other major banks can globally.
This is gloomy news for Afterpay shareholders including myself, as for example its UK business is only just getting off the ground and could struggle in the face of competition from a blue-chip tech giant like Visa. If we consider then that the news means Afterpay never turns a profit then shares would start to look grossly overvalued.