PayPal plunges 18% as the company issues weak guidance on the back of inflationary pressures

PayPal stock sank to a 21-month low Wednesday after the payments platform trimmed its financial forecast, citing the impact of inflation. For 2022, PayPal now sees full-year revenue growth of 15% to 17%, lower than the company’s projection of 18% issued in November. “The persistence of inflationary …

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