Zip shares plunge about 50% after US fraud disclosure
Zip said A$10.1 million ($7.1 million) in US expenditures were attributable to a fraudulent incident.
Shares of Australian payments enterprise Zip Co. experienced a substantial decline of approximately 50% following the organization's announcement of A$10.1 million ($7.1 million) in expenditures attributable to a fraudulent incident occurring in the United States.The equity securities declined as m…