reason for late afternoon crash SMH article, page-212

Herein lies the problem with afterpay. The only appeal APT has over credit card is the fact that it requires no credit check and thus confer advantages that no credit check entails. The whole business, at least the Australian side, is built on a loophole in the financial regulation system. The actual business itself provides convenience at the cost of profit that allows it to spread solely fuelled by money from investors. This results in a SP that is predicated solely on growth in revenue, which is totally useless, with total oversight on profitability or potential for it. If the senate enquiry culminated in credit checks being applied on APT then the loop hole that the whole business was based on would close and the whole thing would collapse. APT, however, would not be alone in this.