Block pays for Afterpay hopes as results disappoint - The Australian Financial Review

The buy now, pay later sector is under pressure to demonstrate the business model actually works after its pioneer revealed a spike in costs and bad debts.

In February Block said Afterpays earnings growth would be much lower than thought at the time of the acquisition. Theyve paid $US23 billion too much for it, said McLean Roche Consulting founder Gran… [+4214 chars]

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