The whole purpose of Block (with their Afterpay subsidary) and...

The whole purpose of Block (with their Afterpay subsidary) and their BNPL ilk is to bypass National Consumer Credit Protection Act 2009 (Cth) (Credit Legislation). BNPL in particular bypasses the responsible lending requirements. It’s basically a new way to lend money to people without credit worthiness checks, a whole new junk level debt creation machine. When your companies number one goal is to avoid regulation meant to protect consumers it is by definition unethical. It’s investors are therefore also unethical.

The US regulator believes BNPL is bad:

https://www.cnbc.com/2021/12/17/buy-now-pay-later-stocks-tumble-on-us-regulatory-probe.html

The Australian regulator is a toothless tiger. So using any advise from them is akin to getting bad advise. After all they let the house prices rise into super bubble territory.

Furthermore Block aka Square is also in deep trouble because of its investments in Bitcoin which have now tumbled. Another greater fool asset. So bad underlying growth, purchase of an unethical company aka Afterpay. Its a mess of a company. By the way Warren Buffet and Charlie Munger believe Bitcoin is unethical and bad for financial markets.