ASX tech shares
HUGE FY21 result: Zip (ASX:Z1P) share price falls
The Zip Co Ltd (ASX:Z1P) share price is down despite the buy now, pay later business revealing a lot of growth in its FY21 result.
August 25, 2021
The Zip Co Ltd (ASX:Z1P) share price is down despite the buy now, pay later business revealing a lot of growth in its FY21 result.
This week, Australia’s largest money business, Commonwealth Bank of Australia (ASX: CBA), handed in its report card.
For Aussie tech investors, the biggest news since sliced bread came this month, in the form of a $39 billion offer from Square Inc (NYSE: SQ) for Afterpay Ltd (ASX: APT). Afterpay shareholders are now left wondering ‘what should I do?’
With Afterpay Ltd (ASX:APT) set to be acquired by Square Inc (NYSE:SQ) for roughly $126 per share, should you hold or sell your Afterpay shares?
With Afterpay (ASX: APT) set to be acquired by payments giant Square Inc (NASDAQ: SQ), where does this leave Zip Co Ltd (ASX: Z1P)?
The S&P/ASX 200 (ASX:XJO) powered to another record close on Monday on what’s been dubbed ‘the biggest day in Australian sharemarket history’.
US stock markets returned to their winning ways with all three benchmarks finishing higher as earnings season heats up.
Anirban & Owen talk the latest in Buy Now, Pay Later (BNPL), including Apple (NASDAQ:AAPL), PayPal (NASDAQ:PYPL) and Afterpay (ASX:APT). Plus is Treasury Wines (ASX:TWE) or a2 Milk Company (ASX:A2M) a better takeover?
The S&P/ASX 200 (ASX:XJO) finished 0.3% higher on Wednesday, overcoming weakness in BNPL shares like Afterpay (ASX:APT) and Zip (ASX:Z1P).
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