December 2024
Short seller accuses Sezzle of ‘sketchy’ practices, low-quality loans
The buy now, pay later group delisted from the ASX earlier this year and has described the allegations as “misleading and out of context”.
April 2024
Why this US short seller is spooked by Australia
US-based Australian manager Nathan Koppikar says the ASX is too dominated by super funds and investor cliques – and other hedge funds agree.
February 2023
Receivers call time as Openpay closes
Openpay is the first buy now, pay later operator to fall victim to higher funding costs after receivers McGrathNicol were called in to close it down.
January 2023
Myer, Block and the market’s big punt on consumers
Myer is part of a group of small caps whose share price is on the rise, as the ASX turns optimistic about retail and the consumer outlook.
August 2022
Sezzle surges, Zip follows, but then both rallies run out of puff
Sezzle said it could become profitable by the end of the year, sending its shares up 12 per cent.
How a quant may have unleashed the revenge of the meme stocks
“Let ’em come,” Cliff Asness told meme traders after revealing he was shorting their favourite stock, AMC. And come they did.
July 2022
Sezzle better off without Zip, profit in sight, says CEO
Charlie Youakim believes the company could turn profitable by year-end but concedes M&A activity is still a valid way forward for stricken buy now, pay later operators.
Inflation report boosts shares, Zip, Sezzle rocket
Shares got a boost from June quarter inflation data over a day that saw Sezzle lead the buy now, pay later juniors in a stunning rebound.
Zip CEO says rivals are ‘innovating through imitation’
Zip Co co-founder Larry Diamond is not afraid of tech giants Apple and PayPal and the big banks. “We’re not concerned about these guys. They’ve been innovating through bureaucracy, innovating through imitation.”
Zip shuts Singapore, scraps business products to get to profit
The buy now, pay later company is getting out of overseas markets as it desperately tries to move itself into the black before it runs out of cash.
Sezzle’s secret to success: suing GameStop
Sezzle is turning to legal arbitrage to deliver for shareholders.
Zip, Sezzle and the elephants in the room
The market is abuzz over why Zip decided to scrap its Sezzle merger just three weeks after stating that it remained on track.
Zip earns reprieve as deal with Sezzle comes apart at the seams
Zip shares soared after it called off a deal with struggling US-focused Sezzle, but concerns remain for the buy now, pay later minnows as consolidation stalls.
The buy now, pay later party is officially over
The staggering fall in Klarna’s valuation and the collapse of the Zip-Sezzle merger exposes a sector still hunting for a profitable, sustainable business model.
Bad debts exposed with Zip down 5.2pc
UBS takes the knife to Zip saying credit quality is deteriorating as it chases growth.
June 2022
Sezzle chief’s $800 million fortune erased
What a difference a year makes. Charlie Youakim’s paper fortune has collapsed as Sezzle races to secure a Zip Co merger.
Opportunities as investors sell stocks for tax losses before June 30
Fund managers say there could be bargains for those who are willing and able to scout for small parcels of typically small-cap stocks.
May 2022
Buy now, pay later dragged into Uvalde shooting controversy
A BNPL provider worked with Daniel Defense, the company that sold the gun used in the Uvalde shooting, as the sector faces more regulatory pressure.
‘Walk away’: fund manager lashes Zip’s bid for Sezzle
The problem for both companies is that the bad debt situation is just horrific, says Andrew Brown of hedge fund East 72.
March 2022
Zip, Sezzle smashed by confidence crisis
Affirm had to halt a debt offering on Friday in a move blamed on rate market volatility, as confidence sinks in buy now, pay later in a rising rate environment.