PayPal CEO Defends Long-Term Strategy After Sales Miss

  • Investors disappointed by company's fees from transactions
  • Take rate falls to 3.24 percent from 3.39 percent year earlier

Ebay Exceeds Expectations While Paypal Flops

PayPal Holdings Inc. Chief Executive Officer Dan Schulman defended his strategy of inking deals with big merchants and smartphone applications and offering free peer-to-peer payments as investors sent shares down on concerns the efforts are hurting profit.

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