At least you can admit it, a smiley face stamp for that.
I think a LOT of money flowed into things in 2019/2020 and now a lot of that money is retreating and we're really seeing whos naked now. Tech being hammered and could be for a while. The rising int rates/inflation business also playing a big role. Next few months will be interesting indeed...
As for BNPL, it's exposed how fragile this ecosystem is. I don't think Larry can phone a friend for help, maybe he can ask the audience? But there would need to be some sort of absolutely stunning turn-around, which looks near impossible at the moment.
Ann: HY22 Results Update, page-162
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