Why PayPal tanked on Wall Street overnight - $3.5 billion plunge explained
Investors spooked by growing pressure on profit marginsAnalysts concerned losing digital payments market shareWorries offset Q1 forecasts beatDigital payments firm PayPal (PYPL:NASDAQ) is facing nearly $3.5 billion being wiped off its market value when trading reopens in New York later today.The near-5% plunge in the share price of the Palo Alto-based business came after cutting growth guidance fo