Those BNPL stonks only kept going up each week for 3 months too long?
Dislocation from the market reality came with newbies flushed with cash/ time.
Apple being valued more than our top 500 companies, I get that.
But BNPL co.s have no profits and extending debt is not a product , its just extended debt.
"Up by the steps , down by the elevator" as the saying goes.
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Morning trading September 4, page-5
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