OP 03 February, 2022 - 04:49 AM
Quote:PayPal executives warned Tuesday that its forecasts for revenue and new active users would not be as strong as the company and Wall Street had hoped. Shares of PayPal plunged more than 25% on the news. CEO Dan Schulman also noted that small business customers are being hurt by supply chain woes and other "exogenous factors" Competition from traditional payment companies may also be hurting PayPal, which has been hit lately by worries about a slowdown in spending as well as a potential regulatory crackdown on companies offering "buy now, pay later" installment plans.
Source: https://edition.cnn.com/2022/02/02/inves...index.html