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Zip CEO says rivals are ‘innovating through imitation’

Ayesha de Kretser
Ayesha de KretserSenior reporter
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Zip Co co-founder and chief executive Larry Diamond is not afraid of tech giants Apple and PayPal and the big banks, declaring growth is still on the agenda for the buy now, pay later company.

News that Zip would stymie overseas expansions, pull out of business-lending products and refocus its attention on the United States, Australia and New Zealand markets sent the shares up another 14 per cent on Friday to close at 88¢.

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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
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    Original URL: https://www.afr.com/companies/financial-services/zip-s-larry-is-happy-apple-cba-validates-what-we-pioneered-20220721-p5b3ee