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Earnings Results: PayPal’s Venmo strikes new partnership with Amazon; stock sinks as earnings outlook comes up short

PayPal Holdings Inc. fell short of expectations with its holiday-quarter outlook Monday while also announcing a new arrangement with Amazon.com Inc. through which Venmo users will be able to use the service as a checkout option on the e-commerce giant’s platform.

Despite enthusiasm for the Amazon AMZN arrangement, PayPal shares PYPL were off more than 10% in Tuesday morning trading after the company discussed a number of factors that could weigh on results in the holiday period, including supply-chain pressures, a rebound…

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