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PayPal Slides on Revenue Forecast, Slower Pace of New Customers

  • Payments firm slightly cuts full-year revenue outlook
  • Shares fall 6% as new accounts drop from first half’s pace
   
Photographer: Gabby Jones/Bloomberg
Updated on

PayPal Holdings Inc. shares dropped after the company lowered its full-year revenue forecast and said growth in new accounts slowed in the third quarter from the first half’s blistering pace.