PayPal Entry Punishes Australia's Pricey Buy-now-pay-later Stocks

Shares in Australia's Afterpay Ltd and its smaller consumer lender rivals tumbled for a second day on Wednesday, as the entry of U.S. giant PayPal into the buynowpaylater sector sent investors scrambling to reprice its frothy stocks.

from Top Business News- News18.com https://ift.tt/3lA4XPb