Business
Afterpay smashes the FAANGs – The Australian Financial Review
Afterpay is on a roll that has catapulted its two founders into the stratosphere of global tech entrepreneurs. But is it a better bet than five of the world’s leading tech platforms?
Some will argue this exercise is ridiculous given that Afterpay is a tiny niche player in the global payments system and it cannot be compared with companies involved in social media, search-based advertising, video streaming, online retail or software collaborative tools.
But these are crazy times in the tech world where rational and logical thinking about valuations are messed up with momentum buying, Robin Hood investing, valuations higher than the tech boom 20 years ago and a general fear o…
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