Please read through itVery valid points. Salient points...

Please read through it

Very valid points. Salient points ;

1.Afterpay lowest revenue per TTV dollar sold
2. It's customers are asking why they can't use Afterpay in more places; creating unhappy customers and missing sales opps. Competitors offer this Afterpay don't.
3. Customer churn to competitors. Since Afterpay only offer one bnpl product and competitors offer more as we move now from first early adopters to mass early adopters, these consumers want product diversification. At this stage companies need to expand product offering. Afterpay haven't done this yet and slow to realise this.
4. Clearpay final acquisition price needs to be raised and factored in
5. Regulatory risk will impact Afterpay the most as it carries the highest late fees and merchant fees in the industry
6. Bad culture at company compared to it peers on both the US and AU glassdoorwebsites. Scores for Afterpay continue to plummet. This has medium to long term impacts on higher wages, higher staff turnover and prooven poorer staff morale leads to lower customer satisfaction scores.
7. Lack of diversity of product set
8. Unrealistic multiple being used to calculate it's market cap. Unit economics Afterpay is a poor performer against its peers.
9. path to profitability. I can't see one. They went from 48 million losses in fy2019 to 99 million losses in fy2020 (0.9% of receivables).Klarna and Affirm the number one and 2 bnpl providers in the world based on revenue are all reducing losses significantly as they grow.afterpay is more than doubling losses year on year as they grow. With lower revenue per TTV already than peersi can't see how they can start generating profits over the next 5 years