An Australian buy now, pay later company has had more than a third of its value wiped in a single day, after shareholders dumped the stock in the face of rising bad debts and an earnings miss.
Zip Co's share price tumbled almost 40 per cent on Thursday, despite cash earnings soaring to a best-ever $124.3 million in the six months to December 2025, up more than 85 per cent on the equivalent half.
