PayPal invested $500 million in Uber's IPO. The company has lost $215.7 million on that investment since.

PayPal invested $500 million in Uber's May IPO. Since, Uber's stock price has fallen more than 40%, erasing $215.7 million from PayPal's original investment. The loss weighed on PayPal's third-quarter earnings, and the company said it would change its accounting methodology to exclude the impact of such investments in the future. Read more on Business Insider. Uber's plummeting share price is not good for PayPal.

PayPal invested $500 million in Uber's May IPO. Since, Uber's stock price has fallen more than 40%, erasing $215.7 million from PayPal's original investment. The loss weighed on PayPal's third-quarter earnings, and the company said it would change its accounting methodology to exclude the impact of such investments in the future. Read more on Business Insider. Uber's plummeting share price is not good for PayPal.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Glovo acquires Poland's PizzaPortal to beat Uber Eats for $39 million - Business InsiderGlovo, a food delivery app which is thrashing Uber Eats in parts of Europe, just acquired a Polish competitor for $39 million
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »