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Gloomy outlook dulls PayPal's quarterly profit beat | WSAU News/Talk 550 AM · 99.9 FM


By Syndicated Content
Jul 28, 2021 | 3:27 PM
(Reuters) -Shares of PayPal Holdings Inc fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a pandemic-driven shift to digital spending.
EBay Inc’s continued transition to its own managed payments platform instead of using PayPal for its e-commerce platform served a blow to the latter’s performance view for the remainder of 2021.
PayPal has been among the big winners of the COVID-19 pandemic as more people used its services to shop online and pay bills to avoid stepping out. Businesses, forced to move their stores online, also flocked to PayPal. ....

United States , Shinjini Ganguli , Noor Zainab Hussain , Ebay Inc , Paypal Holdings Inc , California Based Paypal , ஒன்றுபட்டது மாநிலங்களில் , ஷின்ஜினி கங்குலி , நூர் ஜைநப் ஹுசைன் , ஈபே இன்க் , பேபால் ஹோல்டிங்ஸ் இன்க் , கலிஃபோர்னியா அடிப்படையிலானது பேபால் ,

PayPal : Gloomy outlook dulls PayPal's quarterly profit beat


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July 28 (Reuters) - Shares of PayPal Holdings Inc
fell 8% on the payment company s downbeat current-quarter profit
outlook that outweighed a better-than-expected profit in the
second quarter from a pandemic-driven shift to digital spending.
EBay Inc s continued transition to its own managed
payments platform instead of using PayPal for its e-commerce
platform served a blow to the latter s performance view for the
remainder of 2021.
PayPal has been among the big winners of the COVID-19
pandemic as more people used its services to shop online and pay
bills to avoid stepping out. Businesses, forced to move their
stores online, also flocked to PayPal. ....

United States , Shinjini Ganguli , Noor Zainab Hussain , Ebay Inc , Paypal Holdings Inc , California Based Paypal , ஒன்றுபட்டது மாநிலங்களில் , ஷின்ஜினி கங்குலி , நூர் ஜைநப் ஹுசைன் , ஈபே இன்க் , பேபால் ஹோல்டிங்ஸ் இன்க் , கலிஃபோர்னியா அடிப்படையிலானது பேபால் ,