Some interesting comments on Finder today about Zip's performance in the US. https://www.finder.com.au/sq2-price-change-12-04-2022
A report by Citi seems to confirm the problems for the sector in the world's biggest retail market, the United States. Citi says US-based Affirm Holdings is outperforming its Australian peers in that country.It said Afterpay's day of promotional sales failed to provide a "meaningful boost" to US and Australia businesses in March. Its website visits declined 12% year-on-year in March while US app downloads declined for the first time ever.Zip Co also saw US website visits decline 80% year-on-year, and its total transaction volumes are forecast to also decline about 8% quarter-on-quarter. On the other hand, Affirm's US website visits are up 35% year-on-year, while app downloads jumped 53%, Citi says.
Dilutionary Death Spiral, page-113
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Last
$1.70 |
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-0.090(5.04%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
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