Technology

PayPal shares plunge 17% as bleak forecast stokes growth fears

PayPal shares plunge 17% as bleak forecast stokes growth fears

Shares of PayPal Holdings Inc slumped nearly 17% on Wednesday as investors questioned the company's growth prospects after it disclosed a big hit to revenue from the impending loss of marquee client eBay Inc. The share slide set the stock up for its lowest opening since May 2020, as PayPal also listed out a number of other factors hurting its performance.

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