The technology stock rally that led the market’s dizzying rally from the depths of the pandemic is, PayPal Holdings Inc. and Spotify Technology SA have lost $270 billion of market value in the past two days, following earnings reports and financial forecasts that disappointed investors.
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PayPal gives downbeat earnings forecast, shares plungePayPal Holdings Inc on Tuesday forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc's ongoing move to ditch its payments services, sending its shares down 17.4%.
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PayPal Shares Dive 22% After Company Blames Inflation for Weak GuidanceIn an interview with CNBC, PayPal CEO Dan Schulman said the company took “a measured approach” to guidance. Go woke go broke
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