PayPal(PYPL.us) fell more than 20 percent as fourth-quarter net income missed expectations

2022-05-06 0 By

PayPal(PYPL.us) opened lower at $134.70, down 23.38%, with a total market cap of $157.33 billion.The company’s fourth-quarter net profit of $801 million was less than expected, down 49% year on year;The company dropped guidance to reach 750 million accounts by 2025.