PayPal Holdings Inc. shares dropped the most in more than a year after volume from former parent eBay Inc. tumbled and the payments giant lowered its guidance for revenue and earnings.

Transactions tied to eBay’s marketplace slid 45% in the third quarter, a bigger decline than in the previous three months, PayPal said in a statement. PayPal has been battling the loss of eBay ever since the two decided to end their longtime partnership in 2018.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]