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PayPal, Hit by eBay’s Plan to Ditch Its Services, Gives Downbeat Earnings Forecast

PayPal, Hit by eBay’s Plan to Ditch Its Services, Gives Downbeat Earnings Forecast

PayPal forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay’s ongoing move to ditch its payments services, sending its shares down 17.4 precent.

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