FILE PHOTO: The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration
(Reuters) - Shares of PayPal Holdings Inc slumped nearly 17% on Wednesday as investors questioned the company's growth prospects after it disclosed a big hit to revenue from the impending loss of marquee client eBay Inc.
The share slide set the stock up for its lowest opening since May 2020, as PayPal also listed out a number of other factors hurting its performance, including high inflation, the end of stimulus checks and the impact of the ongoing supply chain issues on cross-border volumes.
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