The good easy times for BNPL are coming to an end. They also want to crack down on "phantom debt" from BNPL. Way more regulations are coming. CCs also being embraced by younger folk wanting to save money on fees etc.
Larry is stepping down as CEO in the US at this critical time and they are bringing in an inexperienced BNPL CEO who has previously run a longer term personal loans company.
After Q4, everything is going to get worse for Zip US. Will probably keep losing more customers too. If I were in the US I'd be trying to sign up for the Robinhood 3% cashback on all purchases card.
Zip are in trouble. If I were Larry, I'd be selling down some of my shares before they get smashed back down under $1. Larry is going to chill a lot more I think and enjoy his millions back in Aus.
Still Larry is dreaming if he thinks the US is "mission complete". He's had 4 good quarters and we know they end in July. Larry needed to stay longer and face the music in Q1 instead of finding Mr Happy Money fall guy to take all the blame
The good easy times for BNPL are coming to an end. They also...
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Last
$1.45 |
Change
0.135(10.3%) |
Mkt cap ! $1.633B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.46 | $1.30 | $29.57M | 21.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11630 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 92904 | 6 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.45 |
Change
0.135 ( 9.52 %) |
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| Open | High | Low | Volume | ||
| $1.32 | $1.46 | $1.30 | 6943845 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ZIP (ASX) Chart |