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Why PayPal Stock Dived by Over 4% on Wednesday

The stock market was in full retreat mode on Wednesday, but it really pulled back on the stock of high-profile fintech PayPal Holdings (NASDAQ: PYPL). Wednesday morning, citing "people familiar with the matter," The Wall Street Journal reported that Zelle could be making such a move. Zelle was launched in mid-2017 and has proven to be a popular instant-transfer service for people wanting or needing to pay others quickly. Read More...

The stock market was in full retreat mode on Wednesday, but it really pulled back on the stock of high-profile fintech PayPal Holdings (NASDAQ: PYPL). Wednesday morning, citing “people familiar with the matter,” The Wall Street Journal reported that Zelle could be making such a move. Zelle was launched in mid-2017 and has proven to be a popular instant-transfer service for people wanting or needing to pay others quickly.

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