News Formal

Why Afterpay is no longer a market darling

  • 📰 theage
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

Buy-now-pay-later services are still highly popular with users, as they try to disrupt credit cards. But the prevailing mood among investors towards BNPL stocks remains extremely gloomy | ANALYSIS from clancyyeates

Few parts of the stockmarket have cratered as spectacularly as the buy now, pay later sector – the much-hyped fintechs that were once the market darlings of retail investors.

Following plunges as sharp as that, some investors might be tempted to make a speculative bet on BNPL sector. However, with rates now on the rise, those priorities have flipped. Investors, who can now get higher yields on bonds, are much less keen to put their money into stocks – especially loss-making technology companies and fintechs – that might pay dividends years down the track. This has been the most important reason why BNPL shares have crashed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Afterpay is no longer a market darling“Crazy” valuations for buy now, pay later companies have plummeted. Now investors are demanding proof these cash-burning businesses can make profits. clancyyeates having a credit providers business without the info
Source: smh - 🏆 6. / 80 Read more »