Afterpay Ltd (ASX:APT) is the owner of the popular “buy now, pay later” app. Afterpay has over 9 million registered users worldwide, making it one of Australia’s true technology success stories. Afterpay is trying to emulate its outstanding success in Australia by expanding its reach into the UK, using the ‘Clearpay’ brand name, and into the USA, where it has signed major social influencers to endorse its service.
The S&P/ASX 200 (ASX: XJO) finished Friday 3.25% lower, following the Dow Jones and NASDAQ 100 indices. WiseTech (ASX:WTC) and Afterpay (ASX:APT) shares were amongst the worst performers.
Australian share market darling Afterpay Ltd (ASX: APT) shares were leading the Australian share market down on Friday, following more sell-offs on global markets overnight.
Sezzle Inc (ASX: SZL) shares opened 8% lower on Friday despite reporting a 489% increase in customer numbers for its most recent full-year results.
Australia’s All Ordinaries (ASX:XAO) was trading 0.33% lower, with Afterpay Ltd (ASX:APT), A2 Milk (ASX:A2M) and AP Eagers (ASX:APE) making the news.
Australian lending business FlexiGroup Ltd (ASX:FXL) released its half-year financial report to investors today showing a steep rise in client numbers.
The Sezzle (ASX:SZL) share price has fallen another 15% today after another update about California’s financing law license.
The buy now, pay later industry, including Zip (ASX:Z1P) and Afterpay (ASX:APT), faces a ‘Code of Practice’. The share prices of Zip and Afterpay are up.
The Afterpay (ASX:APT) share price will be on watch this morning after defending itself against a suggestion of retailers being allowed to add surcharges to customers.
Afterpay Touch (ASX:APT) has announced that its final audit report has been received and given to AUSTRAC, which is causing the share price to go nuts. The Afterpay share price is up 7.5% in early trading.
