FILE PHOTO: PayPal app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
(Reuters) -Shares of PayPal Holdings Inc fell 8% on the payment company's downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a pandemic-driven shift to digital spending.
EBay Inc's continued transition to its own managed payments platform instead of using PayPal for its e-commerce platform served a blow to the latter's performance view for the remainder of 2021.
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