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PayPal stock tumbles after disappointing earnings guidance

PayPal’s earnings report dragged down the stock prices of other e-commerce and digital-payments companies that got a boost during the pandemic (Photo: Reuters) — PayPal’s earnings report dragged down the stock prices of other e-commerce and digital-payments companies that got a boost during the pandemic **(Photo: Reuters)**

3 min read . Updated: 04 Feb 2022, 12:50 AM IST Peter Rudegeair, The Wall Street Journal

Payments company lowers its 2022 profit outlook and scraps an ambitious growth strategy it put in place last year

PayPal Holdings Inc. shares suffered their worst selloff on record after the company lowered its 2022 profit outlook and scrapped an ambitious growth strategy it put in place last year.

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PayPal stock tumbles after disappointing earnings guidance

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