Scare-mongering scumbags will be be disseminating fear all weekend and beyond. Plays perfectly into their demise-of-BNPL, go-short narrative.
We know whose bidding they're doing...Big 4!
Per ********.au:
"We see this as a materially negative development for Afterpay in particular given its reliance on high merchant fees to fund its economics, and incrementally negative for Zip (though Zip is more reliant on consumer fees to fund its economics). In our view, we see a strong risk that overseas regulators could impose similar restrictions on BNPL. We also see this development as increasing completion risk for Square’s proposed acquisition of Afterpay."
Tom Beadle – UBS
Scare-mongering scumbags will be be disseminating fear all...
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