no Afterpays losses are increasing significantly faster than its...

no Afterpays losses are increasing significantly faster than its TTV and revenues as a percentage
TTV went up 98 percent year on year
Losses went from 48 million in 2019 to 99 million, call it an even 100 million in 2020 110 % increase on losses on absolute values
Afterpay tried to trick the market by changing what it reported. It used to report actual millions lost but now reports losses as a percentage of receivables. Shady as.
Given Afterpay is only making a total of 4.5 % revenue of TTV it needs to be careful. I would never invest in Afterpay as it's metrics don't add up. Losses are increasing. They only have one product lack of diversification. They've experienced significant execution
failire with a flatline growth in the us for an entire quarter in Q3 2020.
If I could invest in any bnpl right now it would have to be Klarna and Zip
Zips got.the better app in the ANZ region and us by far. Have tried the Afterpay app and it's not as easy to use in comparison.
Klarna is the number one bnpl global
Affirm.number 2
Afterpay is number 3 way behind the top 2.
Zip is the same far behind Afterpay as Afterpay is behind affirm. And Klarna is about 2x or more size of affirm in revenues and way more in total merchants and customers.