PayPal profit slumps as COVID-19 weighs on spending

PayPal profit slumps as COVID-19 weighs on spending

4 years ago
Anonymous $pSba0tWIcA

https://www.reuters.com/article/us-paypal-results/paypal-profit-slumps-as-covid-19-weighs-on-spending-idUSKBN22I332

PayPal Holdings Inc posted a 87.4% slump in quarterly profit on Wednesday as COVID-19 lockdowns hit consumer spending and forced the payments processor to boost its credit loss reserves, sending its shares down 3.7% in extended trading.