Objective Analysis: Psychology of using BNPL, page-120

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aurelex90

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01/08/20

06:36

Post #: 46232721
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Originally posted by PigsMightFly: ↑

He doesn't even realise this BNPL concept is revolutionary
You have to be kidding. BNPL is just an updated version of store credit. Your great grandparents used it 100 years ago. It has been around for thousands of years. Only someone young and naive would actually think it is revolutionary.

The Afterpay founders are literal billionaires.

The most ignorant and ludicrous comment of the entire week. APT was listed at $1 on 4 May 2016. The entire company was valued at just $125 million. It has lost about $700 million in just four years. The founders (temporarily) lost 80% of their paper fortunes during the crash. They have only been paper billionaires for a couple of months. Both are selling stock as fast as they can while the price is at a crazy high.

BNPL is only good for the retailers and (responsible) customers. It is virtually impossible for the middleman (APT, Z1P. Klarna etc) to make money long term. It is a race to the bottom as the cheapest service will attract the most merchants. The BNPL provider takes a relatively large risk in exchange for a tiny amount of revenue. Providers have constant customer churn and huge marketing costs.

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Your head is going to explode if APT hits $80 or $90 or $100 lol

If it does hit $80 or $90 are you going to admit "I am wrong" or continue to downramp the stock for all eternity? If it hits $100 this year or next are you going to keep making more excuses?

Last edited by aurelex90: 01/08/20

APT Price at posting: $68.54 Sentiment: None Disclosure: Held
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