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PayPal slammed after eBay snubs it for another payment partner (PYPL)





PayPal stock price
  • PayPal‘s stock fell on news that eBay has signed up with a new primary payment processor.
  • EBay accounts for 13% of PayPals processed payments.
  • PayPal will remain on eBay’s platform until at least July 2023.
  • Watch PayPal’s stock in real time here.

Shares of PayPal slipped after news broke that eBay, PayPal’s former parent company, signed up with a new primary payment processor.

It’s stock was at $85.48 per share before it announced earnings on Wednesday. After PayPal reported the news in its earnings release, its shares fell as much as 12% in after-market trading. This morning, it was down 9.69% read more >>>

Source:: BusinessInsider.Com

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