From the AFR article “The Afterpay share price infers $175 billion of merchant sales would be made over the platform by the financial year 2030, which UBS calculated would require around 47 million customers - equivalent to 18 per cent of the Australian and NZ populations, and 12.5 per cent of the US and UK adult populations - to each spend $3,800 a year on the service.”
That’s just blatantly wrong maths. OMG !! That math makes it $178 billion underlying sales per year! WTF ??
APT Price at posting:
$34.20 Sentiment: Hold Disclosure: Held
