Quote Originally Posted by zgnz View Post
Agree with this. Already priced in the next few years growth (>100% YoY) at these prices... however, as I thought back when I first invested, this will either get taken over, or grow to become a major player in the payments space.
Or their entire business model will collapse under RBA regulation. They're already investigating Afterpay specifically regarding their 6% average merchant fee and no-surcharge rule, mulling over forcing them to reduce their fee or removing the "no-surcharge" rule which would make Afterpay unattractive to retail buyers with a 6% premium over cash. Afterpay's sole response so far has been to argue with the RBA that it has no jurisdiction and the RBA doesn't even know the purpose of its own mandate, which is sure to get their back up.