It's blaming increasingly subdued consumer demand compounded by a mild winter resulting in lower than anticipated sales.
It's currently offering a 30-day free trial, but one woman says she was charged after 14 days.
The company's market cap has reached over US$3.3 trillion as the stock rallies.
Comments emerged of him describing members of past prime ministerial delegations as 'C-listers.'
The 'buy now, pay later' company announced on Monday it was going into receivership.
"Thanks for your support!" he tweeted.
Finance Minister Nicola Willis has ordered an inquiry into the state of competition in New Zealand banking.
It was recently ordered to pay $4m after admitting breaches of anti-money laundering and counter-terrorism financing laws.
It's coming up to that time of year again.
