Zip Shares Tumble 50% After US Fraud Incident Hits Customer Growth
Zip Co said a US external fraud incident temporarily weighed on transaction volumes and new customer growth in its fiscal first quarter. Shares fell as much as 50%.
Australia's Zip Co ASX:ZIP said on Friday an external fraud incident in the US during its fiscal first quarter temporarily weighed on transaction volumes and new customer growth, sending its shares to their lowest level in more than two years.Shares of the buy now, pay later firm plunged as much as…