Coronavirus: PayPal says disease’s spread is impacting sales

Coronavirus: PayPal says disease’s spread is impacting sales

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/02/27/coronavirus-paypal-says-diseases-spread-is-impacting-sales/

PayPal became the latest technology company to say its business is being hurt by the coronavirus outbreak as the payments processor on Thursday said sales for its current business quarter will likely fall short of its most-optimistic expectations due to the spread of the disease.

Before U.S. stock markets opened, PayPal said that while its business trends remain strong, “international cross-border e-commerce activity has been negatively impacted by COVID-19 (coronavirus).” The company said that because of the effects of coronavirus, it expects its first-quarter revenue to be at the low end of its previously announced range of $4.78 billion to $4.84 billion in sales.