4.6 • 4.1K Ratings
🗓️ 3 December 2020
⏱️ 46 minutes
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| 0:00.0 | Episode 38, the atomic number of strontium, also the brand name of the testosterone on my |
| 0:04.7 | Y-Mine testosterone, because I am ego-testical. Go, go, go! |
| 0:20.8 | Welcome to the 38th episode of The Prop G Show. In today's episode we speak with Nick |
| 0:25.7 | Molnar, the co-founder and CEO of Afterpay, the Australian Fintech company. You've probably seen |
| 0:30.9 | while online shopping, Nick is a serial entrepreneur with extensive experience and online retail, |
| 0:35.2 | and Afterpay is arguably one of the fastest growing Fintech companies. In the world, we discuss the |
| 0:41.2 | business model competition and Nick's experience as an entrepreneur. By the way, this company, |
| 0:45.2 | $27 billion market cap, hit a low of nine bucks and is now up towards 102 words for his cuss |
| 0:52.4 | second chin. Okay, what's happening? Let's get back to the world of e-commerce. All of the numbers |
| 0:58.1 | are coming in regarding Black Friday and Cyber Monday, which took place this past week. According |
| 1:02.4 | to Adobe Analytics, consumers spent $9 billion on US retail sites on Black Friday. It's up 22% |
| 1:09.2 | from the record set in 2019 of $7.4 billion. Adobe Analytics also reported that consumers spent |
| 1:16.0 | around $11 billion on Cyber Monday. That's up 15% year on year over in the land of Shopify or |
| 1:22.0 | the land of NICE. You can't it. The company hit a record $2.5 billion in Black Friday sales globally. |
| 1:29.2 | That's an increase of 75% from sales in 2019. What does all this mean? You already know what I'm |
| 1:34.8 | about to say. COVID-19 is an excellent online sales group as much in eight weeks as they had in the |
| 1:40.4 | decade before the pandemic. And of all the companies, which companies seem to have been built for a |
| 1:44.4 | pandemic, you guessed it. The Seattle, Bahamuth, Amazon, Karen Weiss of the New York Times wrote a |
| 1:49.3 | piece detailing how the company's hiring spree is equal to wartime like hiring. The e-commerce |
| 1:55.7 | firm employs 1.2 million people. I think that's the second biggest employer in the world just |
| 2:00.4 | behind Walmart or substantive behind Walmart. I should say. And by the way, it took them 25 years to |
| 2:05.1 | get to half a million employees and then just a year to get to a million, hiring about 1,400 |
... |
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