Making sense of the situation, page-42

These are what I’m interested in .
Costs like depreciation, share based payments,
operating expenses( Majority due to marketing and equates to over a third of income.)
cost of sales will drop dramatically in proportion with GPTV.
IMO Afterpay have the ability to reduce themselves next to nothing compared to cash on hand. If they can show that bad debts are being limited by the model. This is game changing for the future.