@muddywatersre Why none of their enterprise merchants have pulled out and churn still under 1% ( Adyen level ) ? Wouldn’t you say they would be spooked at any sight of fraud? Especially after your report

Power Move by Fogel and Dlocal $DLO

@Invesquotes @CCM_Brett IMO the best start is the investor day 2021 and then 2022, but the webcasts, not just the presentation, by the founder/CEO

@IrnestKaplan Their latest filling, some minutes ago

Dlocal - $DLO

@IrnestKaplan @saxena_puru Only thing it shows is the timeline of the request for information.. hadn’t received yet by the time of PR, received by the time Fogel gave the interview

@JerryCap Haha!

Their answer and measures taken to reassure them was enough for the largest companies in the world ( Adyen level clients ) yet the market still seems to doubt there’s fraud involved…

DLOCAL - $DLO Around 13:00 - “we are proud to say we didn’t lost any client after the Muddy Waters report” Obviously their giant merchants were worried and asked them where their money is and if regulations are followed.

@retaox In Stadiums they surely aren’t leading. Besides Mercedes Benz Stadium havent seen any major league stadium announced. Sure, Square also has one stadium announced but Clover Sports ( through Bypass acquisition ), Spoton and Shift4 are on another league with dozens of ML stadiums.

Large enterprise, Adyen-level of Merchants such as Amazon, Google, Spotify, Uber etc keep growing volumes and geographies with Dlocal should be an important consideration when looking at the company. It won’t be an easy path for @Shift4 $FOUR to get the same level of coverage

The complexity is not only in having the local payment rails with hundreds of different APMs - a rare and valuable product - but complying with ever changing regulatory environments. Dlocal’s main skill is exactly navigating these waters that Adyen isn’t even daring to touch.

Dlocal - Fogel with an unusually ( for Dlocal ) detailed explanation of the most recent accusations. $DLO Reality is global payments to serve global merchants is extremely complex. Even more so in a company focused in Emerging Markets.

🤔

@MaxTheComrade @davey_juice Large merchants they have don’t seem bothered and keep expanding their business with them. More concerning are regulatory changes on cross border payments and certain geographies, although in the end it should always trend more and more towards a local-to-local business

@Invesquotes Ah stock performance wise, 100%. Have a “buyer” price ready so if I have cash on hand and it’s around that level I buy, that’s about it.

@Invesquotes I get and somewhat agree w/ you, but I believe in constantly checking my thesis and finding weak points, actively trying to find people that disagree with my long and see their angle. I guess it’s more likely to have this attitude in a portfolio with very high concentration.

Shift4 Seems like institutional investors got spooked by the Blue Orca Short Report. In Q1, Wellington ( largest inst. shareholder ) sold 1.2m shares and Macquarie ( previous 2nd largest ) sold ~60% of their shares, ~3m shares @rookisaacman @tlaubers $FOUR

Finaro new win in Transit Payments @Shift4