Chanticleer
Afterpay’s future in the hands of a part-time CEO
Afterpay investors have always been true believers. Now they need to buy into Square’s big vision and Jack Dorsey, its founder, visionary and part-time CEO.
Afterpay has long been one of the most divisive stocks on the Australian sharemarket, and that won’t change with the $39 billion takeover by Square.
The nature of the all-scrip deal, which will see local Afterpay investors tipped into Square’s ASX-listed instruments, means the buy now, pay later giant’s true believers need to take another leap of faith. Or two leaps, to be precise.
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