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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

BusinessInsider /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Läs mer »