How can you say you can't see a trend when app downloads for apt dropped 30 percent in Dec. And how can you say Klarna and Afterpay map each other that's totally false. Klarna app downloads in Nov were 1.3 million nearly double Afterpays. In Dec Afterpays app downloads drop to 500 K and Klarna increase by the entire Afterpay downloads to 1.8 million. Afterpay plummeted. Klarna rocketed. Both quadpay and Sezzle maintained.
Klarna is clearly the US and global leader byba long long way. Klarna in a quarter does Afterpays yearly revenue. but quadpay have xuaght up with Afterpay in the US. And the cult here said that would.nevwr happen because who would choose to pay a 4 dollar installment fee over zero fees.
Given the multiples being used that prices Afterpay at a market cap above all others. Double multiples of affirm then Afterpay has to show they are leading the pack. In the US they aren't. They are now about to be in position number three in terms of new monthly customers
We should see a re rate of Zip if this trend continues, increasing zips and a rerate down for Afterpay to recognise it's not doing as well as it had hoped in the US.
