Is Zip a buy at 50c?

Disclosure: I exited BNPL long time ago as I knew the industry would crash, only to see the unprecedented horror crash bring Zip to ~ 50 cents/share.

I get a feeling that entering in BNPL might be ripe now (DYOR IMO)
1) Regulation is good! That would mean more trust in the business, reduction of negative perception
2) Regulation would also bring down bad debts for Zip
3) Zip will be the first one to be regulated and have first mover advantage over competitors
4) The Sezzle deal getting scrapped is good: Less cash burn amidst weak consumer spending and sky high inflation
5) Controversial: Interest rates rise will slow down eventually giving cost of living a reprieve.
6) Payment companies all over are currently in off-cycle, the tide got to change at some point (might be a long wait)

Would love for someone to share the contrary view.