He has a point, it will have to stop eventually, there will be a point when it just isn’t possible to hold the share price down. Square acquired Afterpay at a multiple of 42x their 2021 revenue. Zip is currently valued at about 9x their 2021 revenue. We look likely to post half yearly revenue of about 300mil. Zip’s valuation relative to their revenue continues to shrink by the month. By June 2022, when Zip have achieved a 2022 revenue of 650 mil, do you still think we will be hovering at a valuation of 6x revenue? There will come a point where the numbers cannot be ignored, which is what I think Larry is trying to communicate.
Daily Price Movement / General Discussion, page-34795
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |