I see where you’re coming from. The 2m I believe was the upper...

I see where you’re coming from. The 2m I believe was the upper bound of GS forecasts (1.83 from memory was the lower bound). They could get that in June. We also don’t know the date of the 1.5m, but I’m assuming it’s to the end of May. Also, the US customer numbers cannot be viewed in isolation as they may overshoot on frequency of transactions, average basket size, merchant fee % and so on. I do appreciate that the chance of overshooting is limited if they don’t hit the 1.83-2m customer though. But then there’s the UK for example, where they may begin with more than expected. What I’m getting at is that the 2m is just 1 part of many. Another thing to keep in mind too is that they are turning down a lot of new customers in the US too. The “real” customer numbers would likely be over 2m by now already.

Personally, I’m playing the long game here. While the shares may get hit short term if they miss that sort of thing (would be a minor miss anyway), longer-term I don’t see any changes. Afterpay also have proved that they tend to always have something up their sleeves too. Let’s see!