Afterpay: the intriguing story of an Australian unicorn

News broke this week that a US company had made a $39 billion bid for Australian firm, Afterpay. It is the biggest business deal in the history of the Australian Stock Exchange.

A company that is created and then grows massively in a short amount of time is called a ‘unicorn’. Jonathan Shapiro and James Eyers are reporters for the Australian Financial Review and the authors of ‘Buy Now, Pay Later’, a new book on the Afterpay phenomenon. They join us to explain how and why so much wealth been created so quickly despite many initially saying the company was overhyped and overvalued.

On today’s Briefing, we learn how the company was created and how it grew so big so fast…..and made a lot of people very rich in the process. Those who were lucky enough to discover the elusive unicorn.

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