Business
Why the Zip (ASX:Z1P) share price is sinking 10% today – The Motley Fool Australia
The Zip Co Ltd (ASX:Z1P) share price has come under pressure on Thursday following the release of its half year results. Here’s why…
The Zip Co Ltd(ASX: Z1P) share price has come under pressure on Thursday following the release of its half year result.
In morning trade, the buy now pay later provider’s shares sank almost 10% to $10.73.
The Zip share price has recovered slightly but remains 7% lower at $11.02 at the time of writing.
Why is the Zip share price sinking?
Investors have been selling Zip shares today after it posted a sizeable loss despite its strong revenue growth.
For the six months ended 31 December, Zip recorded…
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