Business
How this new red tape could send the Afterpay share price tumbling – Motley Fool Australia
Shareholders in Afterpay and other ASX buy now, pay later (BNPL) shares could get stung by more red tape.
The Afterpay Ltd(ASX: APT) share price is sliding again today, down 4.5% in early afternoon trading. At the current $70.51 per share, that puts Afterpay’s share price down 24% since hitting an all time high of $92.48 per share on 25 August.
Unless you’ve bought shares in the last 3 weeks though, you should still be sitting on some healthy gains.
Despite crashing more than 77% during the COVID-19 market rout in February and March, the Afterpay share price is up 132% year-to-date. That’s thanks …
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