PayPal shares slide after Amazon drops Venmo as payment option
Publishing timestamp: 2023-12-07 12:09:26
Summary
Amazon will no longer accept Venmo as a payment method starting from January 10th. The move is a reversal of their previous announcement in October 2023 to accept Venmo at checkout. PayPal's shares slid more than 2% in response to the news. Both Amazon and Venmo have confirmed the change but did not provide specific reasons for the decision.
Sentiment: NEUTRAL
Keywords: breaking news: technology, business news, amazon.com inc, internet, paypal holdings inc, technology,
Source: https://www.cnbc.com/2023/12/07/paypal-shares-slide-after-amazon-drops-venmo-as-payment-option.html