PayPal stock plummets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


After Tuesday's US trading hours, PayPal published the company's quarterly results. In general, PayPal revealed that growth of the company had continued to decline.

The stock price reacted with a 15.00% drop in the afterhours. Due to that reason a gap opening down was expected on Wednesday.

Total payment volume increased by 23% to $339.5 billion in the last quarter. Meanwhile, the company's former parent company Ebay has been moving its payment volume away from PayPal. In the last three months of 2021, the company's revenues increased by 13.00%, which is the lowest increase since 2019.
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