PayPal reported revenue growth for Q3 of 13% as it will team up with Amazon for future payment services.
However, PayPal shares reversed course and fell by 5% after the company issued a revenue forecast for next year that missed analysts’ estimates.
This comes as PayPal prepares for an eBay-less future. Six years after the companies split apart, eBay is in the process of transitioning sellers off of PayPal and onto its own payment system.
Timestamps:
- PYPL 01:45
- eBay 03:00