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Deathloop Smoking Contest | How to get the Pact of Smoke Door Codes

Deathloop Smoking Contest | How to get the Pact of Smoke Door Codes
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What Dorsey's Square Deal for Afterpay Means For Affirm — The Information


Photo: Square s Jack Dorsey. Photo by Bloomberg
Affirm CEO Max Levchin owes Jack Dorsey big time. Just two weeks ago, news that Apple was working on an Affirm-like buy-now-pay-later consumer service sent Affirm shares plunging 14%. Today, after Dorsey’s Square unveiled plans to buy Affirm’s bigger rival, Australia-based Afterpay, Affirm’s stock jumped back 15%. Competition from Square cancels out worries about competition from Apple, it seems.
It’s not as crazy as it appears. As MoffettNathanson analyst Lisa Ellis noted in a report today, Square’s Afterpay deal may trigger a consolidation: She cited potential buyers including Shopify, Stripe and American Express pursuing targets like Affirm and Klarna. We’ll see. Predictions that one deal will spark others don’t always pan out. In this case, though, there is clearly a gold rush underway. As Ellis pointed out, PayPal has already jumped into the market, joining existing occupants ....

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Afterpay Square: Investors' next leap of faith is Jack Dorsey himself


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.
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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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