Zip Co chief executive Larry Diamond is seeking to reassure the market as the company’s share price continues to plunge, arguing the buy now, pay later operator’s business will be resilient in a tougher backdrop of rising inflation.
The company also said non-executive director and chair of the audit and risk committee Pippa Downes, who joined the board in October 2020, was stepping down from the board. “We believe our business model will stand up exceptionally well in such an environment as we continue to provide significant value and benefit to our customers and importantly our merchant partners seeking to drive continued growth.”
clancyyeates $8.71 12 months ago - 47 cents today. 🤔😂
clancyyeates Oh boo hoo. Company specialising in extending credit to those who can’t afford it is going belly up. That’s a shame.
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