Paypal shares down 25 per cent as 4.5m illegitimate accounts shut down
Published
Paypal has closed 4.5m illegitimate accounts and lowered its new customer forecast causing shares to lose a quarter of their value overnight.
Full ArticlePublished
Paypal has closed 4.5m illegitimate accounts and lowered its new customer forecast causing shares to lose a quarter of their value overnight.
Full ArticleDiscussing Q4 earnings with analysts, PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad..