Zip Shares Slide 50% After Flagging Costs Tied to US Fraud Event

Zip Co., an Australian payments firm, reported A$10.1 million in expenses tied to an external fraud event in the US. The company's share price fell approximately 50% following the announcement. The fraud incident occurred within Zip's US operations.

• Bloomberg — Zip Shares Slide 50% After Flagging Costs Tied to US Fraud Event

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