It's not attacking Facebook , they don't get to where they are by not being sharp operator's.
They recognise the increasing trend of bad debts and so it's worth their while to let a minnow like Zip take the credit risk.
They are quite capable of offering their own BNPL but choose not to as it's a loss making idea.
They have the data to project credit defaults forward Zip have obviously come in at a number lower than Facebook anticipated defaults
A win win for Facebook and another loss making idea for Zip
Ann: Zip partners with Facebook, page-71
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Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $4.386B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $37.72M | 11.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 284106 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |