GBA's "2021 Stock Phantasma"

stonedinvestor said:
I always am a trend user/follower and analyzer
" Buy Now Pay later " remember that phrase.

- Si
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You mean like credit cards, houses, student loans, autos, cheap furniture, and every other damn thing in our economy has done for the last 100 years?

It's a good saying though.
D.C. will be looking for a new state motto soon.
That or we could replace "In God we trust" with it on our new digital currencies.
Now there's a trend.
:cool:
 


Van: Max Levchin, CEO of Affirm is the co-founder of PayPal<------------- You may of heard of Paypal.

Ok you know you want it!!! AM I DIVERSIFIED--- AFRM EDITION*******

THERE HAS BEEN SOME DEBATE AMONGST MY STAFF BUT I KID YOU NOT AT THE 1 SECOND MARK WHICH WOULD BE THE QUICKEST EVER... THERE IS A SWARTHY MAN ON THE LEFT WHO MAY HAVE A REALLY GOOD DEEP TAN BUT LOOKS TO BE MAYBE EGYPTIAN?

2 second mark a lady surrounded by two Asian men! Check check check...

10 second mark FREEZE IT!!! very hard to follow!- this is fast motion photography of the AFRM lunchroom but 10 seconds- Freeze look -On the right wearing a red team sweater-- YES This company is diversified!
 
You mean like credit cards, houses, student loans, autos, cheap furniture, and every other damn thing in our economy has done for the last 100 years?

All of those have % fees far above what is fair.
It's the next 100 years Van.. get on Board.
 
stonedinvestor said:
It's the next 100 years Van.. get on Board.
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"THE WORLD WILL CHANGE MORE IN THE NEXT 10 YEARS THAN IN THE LAST 100 COMBINED"
"AND WE ARE GOING TO CHANGE IT"


th
 
stonedinvestor said:
Affirm Holdings, Inc. (AFRM)- Here we Are Van that price we like...
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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Visitors trend2W10W
$68.16-0.57 (-0.83%)
As of 3:25PM EDT. Market open.
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Affirm Holdings, Inc. (AFRM)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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Visitors trend2W10W
$69.72+1.05

Up $1.50 by the way since purchase. Just thought I'd mention that.
Van Don't bet against Max!! Seriously.

Late Fees Suck! banks screw you over and over and over...
Max Levchin on how Affirm plans to survive the land grab in “buy now pay later”

We don’t want the consumer to overspend, and equally it’s important that the consumer is not overextended.

We aligned ourselves with the end consumer, the end borrower, at a very, very fundamental level. We don’t charge late fees. We don’t have any fees other than interest where applicable and half the time there’s no interest at all. So fundamentally, if the consumer is late, if they need to take some extra time or if they say, you know what, sorry, I’m just not paying you, we get nothing.

It’s on us to do the necessary underwriting to get the right kind of data. We certainly are very careful to not say out loud exactly where and how we do our underwriting, since that’s the part of our competitive advantage. But it is something that’s really important to us. And I believe that our model primes us to be strictly on the side of the consumer.

I think that the merchant availability is in fact an important component of further merchant availability. Obviously, we announced our partnership with Shopify to that end and we expect to get fairly good visibility and broad acceptance in that domain. We continue to partner and announce fairly major merchant acceptance, but I feel like we don’t really speak enough to this, so I’ll beat this drum a little louder: We are very different.

We speak to our end customer with the message of both spending and buying things that they deserve, they love, they want, and feeling good about it. Not just from the emotional dopamine hit, of “wow, I have these shoes I’ve always wanted them,” but I actually feel pretty good about making this decision. I feel responsible, I know Affirm has my back and should I stumble, should I miss a date, I won’t get tricked up, and 0% isn’t going to flip and become some gargantuan number going back in time and all the awful things that the industry stands for.

NEW WORD FOR VAN < REVENGE SPEND***> PUT THAT ON THE US DOLLAR! :p
I LOVE THIS IDEA!! I HAVE BEEN REVENGE SPENDING MY WHOLE FING! LIFE....
MY WIFE, SHE THE Quentin Tarantino OF REVENGE SPEND!!!!!!!!!

We’re seeing some revenge spend from a fair amount of people, and specifically in travel. The thing that people are really primed for, at least according to our surveying, is this: I’ve really been cooped up in my four walls for the last 13 months, or whatever it’s been, seems like 13 years, and I’m going to get out of town and I’m going to go somewhere.

Our survey indicates, and this is within our user cohort, so some skewing younger, etc. But half the people are planning to travel this year and almost 70% are planning to spend significantly more, quote unquote, than their typical budget.

THE WHOLE IDEA HERE VAN IS TO SHIFT THE % TO THE STORE!!! TO THE MERCHANT.
What is your message to merchants if they’re wondering whether the 3% or so that they’re paying to Affirm is too steep for them?

We think of ourselves first and foremost as a marketing platform and a revenue accelerator. We help in conversion in a sense that part of it is access to capital for the end customer. Part of it is, and this is where this idea of not charging late fees and being super fastidious about what it is we’re telling our users, disclosing everything, being over-the-top clear and transparent, helps the vast majority of our customers when we survey them about what made them choose Affirm.

So that in turn results in increased average order value and by increased I mean, it goes up 85%, which is, practically speaking, instead of just buying the shoes, you buy the shoes and the dress, which I think a lot of merchants really, really appreciate. There’s about a 20% increase in repeat purchase rates at the same merchant, which is something that obviously merchants deeply care about. The second sale is almost more important than the first sale.

:sneaky: Ok I have made my case..... Van, Ted who's stepping up and seeing the light of revenge spend and buy now pay later....
 
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