Zip Shares Slide 50% After Flagging Costs Tied to US Fraud Event | Black Bird Media0.1 million ($7.1 million) in expenses related to an external fraud event in the US.">

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

Shares of Australian payments firm Zip Co. roughly halved after the company flagged A$10.1 million ($7.1 million) in expenses related to an external fraud event in the US.