[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @the_zack_zhu Zack Zhu Zack Zhu posts on X about $se, $meli, brazil, $upst the most. They currently have XXX followers and XX posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/twitter::1226924833260240897/interactions)  - X Week XXXXX +658% - X Month XXXXX +2,835% - X Months XXXXXX -XX% - X Year XXXXXX +8,417% ### Mentions: XX [#](/creator/twitter::1226924833260240897/posts_active)  - X Week XX +900% - X Month XX +4,200% - X Months XX -XX% - X Year XXX +4,325% ### Followers: XXX [#](/creator/twitter::1226924833260240897/followers)  - X Week XXX +5.50% - X Month XXX +6.20% - X Months XXX +14% ### CreatorRank: XXXXXXX [#](/creator/twitter::1226924833260240897/influencer_rank)  ### Social Influence [#](/creator/twitter::1226924833260240897/influence) --- **Social category influence** [stocks](/list/stocks) XXXXX% [countries](/list/countries) XXXXX% [finance](/list/finance) XXXXX% [technology brands](/list/technology-brands) XXXXX% [social networks](/list/social-networks) XXXX% [celebrities](/list/celebrities) XXXX% **Social topic influence** [$se](/topic/$se) #4, [$meli](/topic/$meli) #11, [brazil](/topic/brazil) #1230, [$upst](/topic/$upst) #6, [long term](/topic/long-term) #991, [up the](/topic/up-the) 3.39%, [stack](/topic/stack) 3.39%, [all the](/topic/all-the) 3.39%, [tiktok](/topic/tiktok) 3.39%, [youtube](/topic/youtube) XXXX% **Top accounts mentioned or mentioned by** [@rubicon59](/creator/undefined) [@tylerehand](/creator/undefined) [@potus](/creator/undefined) [@johngfriedman](/creator/undefined) [@wallstengine](/creator/undefined) [@mrjeffu](/creator/undefined) [@chieftainstonks](/creator/undefined) [@illyquid](/creator/undefined) [@moonstonecaptl](/creator/undefined) [@insearchofpar](/creator/undefined) [@epicantelope](/creator/undefined) [@jerbearrn](/creator/undefined) [@wearehims](/creator/undefined) [@wearehers](/creator/undefined) [@lsthirdact](/creator/undefined) [@thebarontas](/creator/undefined) **Top assets mentioned** [Sea Limited (SE)](/topic/$se) [MercadoLibre Inc (MELI)](/topic/$meli) [Upstart Holdings, Inc. Common stock (UPST)](/topic/$upst) [Microsoft Corp. (MSFT)](/topic/microsoft) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [Amazon.com, Inc. (AMZN)](/topic/$amzn) ### Top Social Posts [#](/creator/twitter::1226924833260240897/posts) --- Top posts by engagements in the last XX hours "Fun fact : $SE used to own one of the most popular dating apps BeeTalk which it launch in 2014. $SE is never just a gaming e-commerce or digital finance operator. Its a startup factory that happens to generate billions of revenue" [X Link](https://x.com/the_zack_zhu/status/1979367306628366354) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T02:01Z XXX followers, XX engagements "South America is probably of the weird places that the average interesting rates in revolving credit can be more than 100%. There is still a lot to be done there to separate the good borrowers and the bad ones. So it will be extremely profitable" [X Link](https://x.com/the_zack_zhu/status/1979748266461012274) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:15Z XXX followers, XX engagements "$MELI or $SE got a huge advantage compare to $UPST simple because the formal got free distribution + extra behavior data + faster credit cycle. The extra good part when dominant in spending when it become the a huge part of daily life you simply cannot default the credit" [X Link](https://x.com/the_zack_zhu/status/1979750431493648891) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:24Z XXX followers, XXX engagements "I will be surprise if $MELI e-commerce market share in Brazil is over XX% in 2030. Its an old company that operate in a vacuum thats the most important reason they grow so much and being so profitable. $SE will surpass $MELI in Brazil in two years. Other things will follow" [X Link](https://x.com/the_zack_zhu/status/1977722780784201877) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T13:07Z XXX followers, XXX engagements "$SE competition $MELI with in Brazil is a text book example of low end disruption. $SE start it journey by selling cheap product to the low income customer that $MELI ignore. $SE build its cost structure around low cost to serve and move up the value stack" [X Link](https://x.com/the_zack_zhu/status/1977736441166762396) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:01Z XXX followers, XXX engagements "$SE has do the same playbook in X different market. It takes $SE X years to become the leader in Taiwan a tiny island with 23M population. Now $SE have over XX% of the EC market share in Taiwan. Its at least X times bigger than the next player" [X Link](https://x.com/the_zack_zhu/status/1977737656801919279) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:06Z XXX followers, XXX engagements "Its a long journey for $SE to upscale its platform capability and to accumulate higher quality sellers and wealthy buyers. But $SE has succeed in all of its first X markets" [X Link](https://x.com/the_zack_zhu/status/1977738539648307494) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:09Z XXX followers, XXX engagements "Now with growing platform capability of $SE in Brazil the customer and product have finally overlap with $MELI in a meaningful way. Thats why $MELI started a price war in June" [X Link](https://x.com/the_zack_zhu/status/1977739176729592061) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:12Z XXX followers, XXX engagements "But $MELI is facing innovators dilemma rationally $MELI need to give up all the margins they take in all these years and rebuild the whole platform to have lower cost to serve to compete But giving up its profit business is not actually doable" [X Link](https://x.com/the_zack_zhu/status/1977740319044080049) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:16Z XXX followers, XXX engagements "$MELI likely scenario in e commerce business is to stop growing after three years and lose more and more market. In the long term it will probably still be a good business with the current GMV and other business. But its wont be nearly as profitable as $SE" [X Link](https://x.com/the_zack_zhu/status/1977741506946449682) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:21Z XXX followers, XXX engagements "The lesson of history is that no one learns from history $MELI" [X Link](https://x.com/the_zack_zhu/status/1977741891517981020) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:23Z XXX followers, XXX engagements "@ChieftainStonks I dont actually know I buy it in XX its nearly 5x. It already near by target price although $MELI isnt a formidable competitor but TikTok is. TikTok Shop got structural advantage over $SE. I think the target price might depends on YouTube. Hard to say in five years" [X Link](https://x.com/the_zack_zhu/status/1977748065713787230) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T14:47Z XXX followers, XXX engagements "Most investor things $SE financial arm Monee is using $MELI playbook. ITS NOT. $SE is using $BABAs Ant Financials playbook in China. Ant Financials is the parent of Alipay. The biggest fintech company in the world" [X Link](https://x.com/the_zack_zhu/status/1977758772689817955) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T15:30Z XXX followers, XXX engagements "Actually the whole $SE Shopee business is a replicate and localize version of $BABAs Taobao + Tmall. Its an extremely downgrade version of it. Taobao is way too advance compared to $SE Shopee" [X Link](https://x.com/the_zack_zhu/status/1977759249468899826) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-13T15:32Z XXX followers, XXX engagements "A scam with extremely good product. Probably all the stakeholders involve expect Elon is happy about it. Im extremely happy with ChatGPT for now. Although not too optimistic of its non-subscription user experience" [X Link](https://x.com/the_zack_zhu/status/1979357497069834443) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T01:22Z XXX followers, XX engagements "The under-appreciated part of $SE business is its other services sector. Its the sector that exclude the three main business Garena Shopee and Monee. $SE other services is $SE Google X. Its the internal incubator and startup factory inside $SE" [X Link](https://x.com/the_zack_zhu/status/1979363816199852141) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T01:48Z XXX followers, XXX engagements "The sector generated 145M revenue in the past 12months. Its small compare $SE other business but its actually HUGE if you consider it as a startup context. $SE started as a game distributor in 2009. All of its other unrelated business all come from this sector" [X Link](https://x.com/the_zack_zhu/status/1979364718281396398) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T01:51Z XXX followers, XX engagements "$SEs three founders are all still young and have a strong growth mindset in mind. Its inevitable that $SE will enter new business when the founders see another opportunity" [X Link](https://x.com/the_zack_zhu/status/1979368536545071471) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T02:06Z XXX followers, XX engagements "$SE will go into a lot of new businesses and a lot of new markets in the future. $SE is a startup that happens to generated billions of revenue. Its impossible for a startup to not grow and burning some margins alone the way" [X Link](https://x.com/the_zack_zhu/status/1979369800125342056) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T02:11Z XXX followers, XXX engagements "$SE management team are ambitious so dont be shocked or sad that $SE is entering new business in Mexico or Argentina. Its will turn out to be something wonderful" [X Link](https://x.com/the_zack_zhu/status/1979371733581992444) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T02:19Z XXX followers, XXX engagements "$MELI has never let a rival reach XX% share in X yrs. Also $SE Shopee is now profitable in Brazil $10B GMV (2024) +30% YoY(2025Q2) buyers lower logistics cost and a larger user base. The network effect is not in the favor of $MELI" [X Link](https://x.com/the_zack_zhu/status/1979392262003134820) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T03:41Z XXX followers, XXX engagements "The low end disruption of $SE and why $MELI e-commerce business wont thrive in the future" [X Link](https://x.com/the_zack_zhu/status/1979394807228436687) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T03:51Z XXX followers, XXX engagements "The parcel market is expected to grow XX% in South East Asia. $SE is probably maintain or slightly gaining market share but the other players are being squeeze out. The long term defend of $SE over TikTok Shop might depends of YouTube. (Expectation are from J&T express)" [X Link](https://x.com/the_zack_zhu/status/1979414123487334610) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T05:07Z XXX followers, XXX engagements "The last time (2024.7) got free traffic data $SE Brazil active user is XX% higher than $MELI and its growing twice as fast. (Although $MELI do have a distant lead on web traffic)" [X Link](https://x.com/the_zack_zhu/status/1979535922862731691) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-18T13:11Z XXX followers, XXX engagements "These are two really different business case IMO. $MELI is taking the full credit risk but $SE has started to do more and more $UPST type off the book loan. I predict $SE on balance loans will soon become a minor portion of the overall loan book" [X Link](https://x.com/the_zack_zhu/status/1979745675299749940) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:05Z XXX followers, 2278 engagements "Banking is a wonderful business but unworthy of high valuation because it's a asset heavy business the ROA ROI are naturally low. $UPST type fintech business are worth high valuation is because they are asset light and absorb most of the profits in the value chain" [X Link](https://x.com/the_zack_zhu/status/1979747211958489505) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:11Z XXX followers, XXX engagements "The extra part is small for $MELI and a bit better $SE simply because $SE has a higher retail spend compare to $MELI. The extreme example is in China. Alipay and WeChat pay own the whole market. You simply can't live without it. Hence the default risk is extremely low" [X Link](https://x.com/the_zack_zhu/status/1979751265212174830) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:27Z XXX followers, XX engagements "@rubicon59 Off the book loans means that $SE or $UPST only act as a brokerage of the loan. They have little to no credit risk. They only collect fees for the brokerage of loans" [X Link](https://x.com/the_zack_zhu/status/1979752129683476943) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:31Z XXX followers, XXX engagements "For full disclosure I'm didn't dig really deep into $MELI business. So I'm not XXX% sure whether $MELI has successfully migrate it's credit risk (in a meaningful way) off the books" [X Link](https://x.com/the_zack_zhu/status/1979753173796663603) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:35Z XXX followers, XXX engagements "@rubicon59 Yes $SE are still doing most of their loans themself only XX% of the loans are off the books. (For now) But $SE have shown and demonstrated they have the willing to take loans off the balance sheet. $SE is trying to be asset light intentionally. I'm not so sure about $MELI" [X Link](https://x.com/the_zack_zhu/status/1979755375835648194) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:43Z XXX followers, XXX engagements "But the thing for sure for $MELI. The current of NIMAL (aka Net Interest Margin After Losses ) in South America isn't something sustainable in the long-term. It's currently something like XX% = =. Can the you guys imagine the average loan interest rate is like 100%+ a year" [X Link](https://x.com/the_zack_zhu/status/1979757302736679416) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T03:51Z XXX followers, XXX engagements "@illyquid @rubicon59 From what I understand please correct me if I'm wrong they securitize their loans more because if it's not securitized $MELI hard to use it as a collateral to borrow more money from banks or investor or at least they haven't develop the skills of selling it" [X Link](https://x.com/the_zack_zhu/status/1979780238793224339) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T05:22Z XXX followers, XX engagements "Is there a day of Broadcom not laying people off That is their business model" [X Link](https://x.com/the_zack_zhu/status/1979781202119963063) [@the_zack_zhu](/creator/x/the_zack_zhu) 2025-10-19T05:26Z XXX followers, XX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@the_zack_zhu Zack Zhu
Zack Zhu posts on X about $se, $meli, brazil, $upst the most. They currently have XXX followers and XX posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXX +658%
- X Month XXXXX +2,835%
- X Months XXXXXX -XX%
- X Year XXXXXX +8,417%
Mentions: XX #
- X Week XX +900%
- X Month XX +4,200%
- X Months XX -XX%
- X Year XXX +4,325%
Followers: XXX #
- X Week XXX +5.50%
- X Month XXX +6.20%
- X Months XXX +14%
CreatorRank: XXXXXXX #
Social Influence #
Social category influence stocks XXXXX% countries XXXXX% finance XXXXX% technology brands XXXXX% social networks XXXX% celebrities XXXX%
Social topic influence $se #4, $meli #11, brazil #1230, $upst #6, long term #991, up the 3.39%, stack 3.39%, all the 3.39%, tiktok 3.39%, youtube XXXX%
Top accounts mentioned or mentioned by @rubicon59 @tylerehand @potus @johngfriedman @wallstengine @mrjeffu @chieftainstonks @illyquid @moonstonecaptl @insearchofpar @epicantelope @jerbearrn @wearehims @wearehers @lsthirdact @thebarontas
Top assets mentioned Sea Limited (SE) MercadoLibre Inc (MELI) Upstart Holdings, Inc. Common stock (UPST) Microsoft Corp. (MSFT) Alphabet Inc Class A (GOOGL) Amazon.com, Inc. (AMZN)
Top Social Posts #
Top posts by engagements in the last XX hours
"Fun fact : $SE used to own one of the most popular dating apps BeeTalk which it launch in 2014. $SE is never just a gaming e-commerce or digital finance operator. Its a startup factory that happens to generate billions of revenue"
X Link @the_zack_zhu 2025-10-18T02:01Z XXX followers, XX engagements
"South America is probably of the weird places that the average interesting rates in revolving credit can be more than 100%. There is still a lot to be done there to separate the good borrowers and the bad ones. So it will be extremely profitable"
X Link @the_zack_zhu 2025-10-19T03:15Z XXX followers, XX engagements
"$MELI or $SE got a huge advantage compare to $UPST simple because the formal got free distribution + extra behavior data + faster credit cycle. The extra good part when dominant in spending when it become the a huge part of daily life you simply cannot default the credit"
X Link @the_zack_zhu 2025-10-19T03:24Z XXX followers, XXX engagements
"I will be surprise if $MELI e-commerce market share in Brazil is over XX% in 2030. Its an old company that operate in a vacuum thats the most important reason they grow so much and being so profitable. $SE will surpass $MELI in Brazil in two years. Other things will follow"
X Link @the_zack_zhu 2025-10-13T13:07Z XXX followers, XXX engagements
"$SE competition $MELI with in Brazil is a text book example of low end disruption. $SE start it journey by selling cheap product to the low income customer that $MELI ignore. $SE build its cost structure around low cost to serve and move up the value stack"
X Link @the_zack_zhu 2025-10-13T14:01Z XXX followers, XXX engagements
"$SE has do the same playbook in X different market. It takes $SE X years to become the leader in Taiwan a tiny island with 23M population. Now $SE have over XX% of the EC market share in Taiwan. Its at least X times bigger than the next player"
X Link @the_zack_zhu 2025-10-13T14:06Z XXX followers, XXX engagements
"Its a long journey for $SE to upscale its platform capability and to accumulate higher quality sellers and wealthy buyers. But $SE has succeed in all of its first X markets"
X Link @the_zack_zhu 2025-10-13T14:09Z XXX followers, XXX engagements
"Now with growing platform capability of $SE in Brazil the customer and product have finally overlap with $MELI in a meaningful way. Thats why $MELI started a price war in June"
X Link @the_zack_zhu 2025-10-13T14:12Z XXX followers, XXX engagements
"But $MELI is facing innovators dilemma rationally $MELI need to give up all the margins they take in all these years and rebuild the whole platform to have lower cost to serve to compete But giving up its profit business is not actually doable"
X Link @the_zack_zhu 2025-10-13T14:16Z XXX followers, XXX engagements
"$MELI likely scenario in e commerce business is to stop growing after three years and lose more and more market. In the long term it will probably still be a good business with the current GMV and other business. But its wont be nearly as profitable as $SE"
X Link @the_zack_zhu 2025-10-13T14:21Z XXX followers, XXX engagements
"The lesson of history is that no one learns from history $MELI"
X Link @the_zack_zhu 2025-10-13T14:23Z XXX followers, XXX engagements
"@ChieftainStonks I dont actually know I buy it in XX its nearly 5x. It already near by target price although $MELI isnt a formidable competitor but TikTok is. TikTok Shop got structural advantage over $SE. I think the target price might depends on YouTube. Hard to say in five years"
X Link @the_zack_zhu 2025-10-13T14:47Z XXX followers, XXX engagements
"Most investor things $SE financial arm Monee is using $MELI playbook. ITS NOT. $SE is using $BABAs Ant Financials playbook in China. Ant Financials is the parent of Alipay. The biggest fintech company in the world"
X Link @the_zack_zhu 2025-10-13T15:30Z XXX followers, XXX engagements
"Actually the whole $SE Shopee business is a replicate and localize version of $BABAs Taobao + Tmall. Its an extremely downgrade version of it. Taobao is way too advance compared to $SE Shopee"
X Link @the_zack_zhu 2025-10-13T15:32Z XXX followers, XXX engagements
"A scam with extremely good product. Probably all the stakeholders involve expect Elon is happy about it. Im extremely happy with ChatGPT for now. Although not too optimistic of its non-subscription user experience"
X Link @the_zack_zhu 2025-10-18T01:22Z XXX followers, XX engagements
"The under-appreciated part of $SE business is its other services sector. Its the sector that exclude the three main business Garena Shopee and Monee. $SE other services is $SE Google X. Its the internal incubator and startup factory inside $SE"
X Link @the_zack_zhu 2025-10-18T01:48Z XXX followers, XXX engagements
"The sector generated 145M revenue in the past 12months. Its small compare $SE other business but its actually HUGE if you consider it as a startup context. $SE started as a game distributor in 2009. All of its other unrelated business all come from this sector"
X Link @the_zack_zhu 2025-10-18T01:51Z XXX followers, XX engagements
"$SEs three founders are all still young and have a strong growth mindset in mind. Its inevitable that $SE will enter new business when the founders see another opportunity"
X Link @the_zack_zhu 2025-10-18T02:06Z XXX followers, XX engagements
"$SE will go into a lot of new businesses and a lot of new markets in the future. $SE is a startup that happens to generated billions of revenue. Its impossible for a startup to not grow and burning some margins alone the way"
X Link @the_zack_zhu 2025-10-18T02:11Z XXX followers, XXX engagements
"$SE management team are ambitious so dont be shocked or sad that $SE is entering new business in Mexico or Argentina. Its will turn out to be something wonderful"
X Link @the_zack_zhu 2025-10-18T02:19Z XXX followers, XXX engagements
"$MELI has never let a rival reach XX% share in X yrs. Also $SE Shopee is now profitable in Brazil $10B GMV (2024) +30% YoY(2025Q2) buyers lower logistics cost and a larger user base. The network effect is not in the favor of $MELI"
X Link @the_zack_zhu 2025-10-18T03:41Z XXX followers, XXX engagements
"The low end disruption of $SE and why $MELI e-commerce business wont thrive in the future"
X Link @the_zack_zhu 2025-10-18T03:51Z XXX followers, XXX engagements
"The parcel market is expected to grow XX% in South East Asia. $SE is probably maintain or slightly gaining market share but the other players are being squeeze out. The long term defend of $SE over TikTok Shop might depends of YouTube. (Expectation are from J&T express)"
X Link @the_zack_zhu 2025-10-18T05:07Z XXX followers, XXX engagements
"The last time (2024.7) got free traffic data $SE Brazil active user is XX% higher than $MELI and its growing twice as fast. (Although $MELI do have a distant lead on web traffic)"
X Link @the_zack_zhu 2025-10-18T13:11Z XXX followers, XXX engagements
"These are two really different business case IMO. $MELI is taking the full credit risk but $SE has started to do more and more $UPST type off the book loan. I predict $SE on balance loans will soon become a minor portion of the overall loan book"
X Link @the_zack_zhu 2025-10-19T03:05Z XXX followers, 2278 engagements
"Banking is a wonderful business but unworthy of high valuation because it's a asset heavy business the ROA ROI are naturally low. $UPST type fintech business are worth high valuation is because they are asset light and absorb most of the profits in the value chain"
X Link @the_zack_zhu 2025-10-19T03:11Z XXX followers, XXX engagements
"The extra part is small for $MELI and a bit better $SE simply because $SE has a higher retail spend compare to $MELI. The extreme example is in China. Alipay and WeChat pay own the whole market. You simply can't live without it. Hence the default risk is extremely low"
X Link @the_zack_zhu 2025-10-19T03:27Z XXX followers, XX engagements
"@rubicon59 Off the book loans means that $SE or $UPST only act as a brokerage of the loan. They have little to no credit risk. They only collect fees for the brokerage of loans"
X Link @the_zack_zhu 2025-10-19T03:31Z XXX followers, XXX engagements
"For full disclosure I'm didn't dig really deep into $MELI business. So I'm not XXX% sure whether $MELI has successfully migrate it's credit risk (in a meaningful way) off the books"
X Link @the_zack_zhu 2025-10-19T03:35Z XXX followers, XXX engagements
"@rubicon59 Yes $SE are still doing most of their loans themself only XX% of the loans are off the books. (For now) But $SE have shown and demonstrated they have the willing to take loans off the balance sheet. $SE is trying to be asset light intentionally. I'm not so sure about $MELI"
X Link @the_zack_zhu 2025-10-19T03:43Z XXX followers, XXX engagements
"But the thing for sure for $MELI. The current of NIMAL (aka Net Interest Margin After Losses ) in South America isn't something sustainable in the long-term. It's currently something like XX% = =. Can the you guys imagine the average loan interest rate is like 100%+ a year"
X Link @the_zack_zhu 2025-10-19T03:51Z XXX followers, XXX engagements
"@illyquid @rubicon59 From what I understand please correct me if I'm wrong they securitize their loans more because if it's not securitized $MELI hard to use it as a collateral to borrow more money from banks or investor or at least they haven't develop the skills of selling it"
X Link @the_zack_zhu 2025-10-19T05:22Z XXX followers, XX engagements
"Is there a day of Broadcom not laying people off That is their business model"
X Link @the_zack_zhu 2025-10-19T05:26Z XXX followers, XX engagements