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$66.47 afterpay limited

reason for late afternoon crash SMH article, page-213

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bobbyY

553 Posts.

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17/10/18

23:17

Post #: 36164838
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Originally posted by aniesbaswedan: ↑

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.

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Pray tell what interest APT charges the customer as compared to a credit card or do you know what you are talking about.Herein lies the problem with uninformed self appointed experts.

APT Price at posting: $11.35 Sentiment: None Disclosure: Held
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