Investors have valid reasons to be concerned about ZIP's performance. Over the past 12 months, ZIP has lost tens of thousands of customers in both Australia and the USA, while companies like AFRM have gained millions. Notably, this customer loss occurred during a period of significant popularity and adoption of BNPL services. Additionally, ZIP has significantly diluted shareholder value. Given these factors, it's challenging to understand the optimism surrounding ZIP's prospects. Many bulls here are praying for ZIP to be taken over ASAP as they know deep down this company will not make enough money to justify a $1 billion MC. Sorry to say, but the only way ZIP will go up from here is from FOMO. You're simply gambling at this valuation.
ZIP Price at posting:
$1.21 Sentiment: None Disclosure: Not Held
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