Business
Afterpay storms the market’s most exclusive club – The Australian Financial Review
Christmas will come early when Afterpay is welcomed into the S&P/ASX 20 Index next Monday, almost nine months to the day since the buy now, pay later provider’s…
While Afterpay owes some of its rebound to government handouts like JobKeeper in backstopping household consumption, its massive rally highlights the tectonic shifts in how people shop and pay for goods in an age where online shopping has been turbo-charged by lockdowns.
The 112 per cent increase in global underlying sales in the year to November highlights the momentum in the business as its scales globally.
The US business which only started 2½ years ago recorded monthly sales of $1 billion in…
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