Shares of major BNPL players tumble as Apple enters crowded market

Shares of major BNPL players tumble as Apple enters crowded market

FILE PHOTO: Logo of an Apple store. REUTERS/Joshua Roberts

Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates.

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