PayPal Shares Fall Over Slower Revenue Outlook 📉

PayPal Holdings Inc. shares dropped more than 5% Tuesday, marking the largest decline nearly nine months after the company forecasted lower-than-expected revenue growth for the fourth quarter. PayPal now anticipates revenue to rise in the low single digits, lower than analysts' predictions. The company's third-quarter revenue also fell short of estimates. CEO Alex Chriss attributed the forecast to a price-to-value strategy. Chriss emphasized the shift away from offering free services, which may impact growth in the short term.