It's really as simple as working in the industry - I know the added regulation coming for BNPL and fintechs in general. Government responses to new technologies are slow, which people confuse with no response. BNPL exploited a loophole, and avoided the cumbersome checks, which made their products readily available. Take away that - and you really are just flogging a credit card. In relation to Block more generally, and their payment technologies, it's the same thing. Their AML schedules are atrocious. So, in summary, I know the headwinds - and these growth stocks don't take headwinds into account. They are priced to perfection.
It's really as simple as working in the industry - I know...
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Last
$91.54 |
Change
-0.800(0.87%) |
Mkt cap ! $4.185B | |||
| Open | High | Low | Value | Volume |
| $92.79 | $92.80 | $91.49 | $5.516M | 60.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1150 | $91.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $91.98 | 245 | 1 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |