Disappointing Meta, PayPal Earnings Send Shudders Through Stock Market

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%.
La source: Reuters - 🏆 2. / 97 Lire la suite »

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
La source: nbcchicago - 🏆 545. / 51 Lire la suite »