PayPal (PYPL) shares are under pressure after Amazon (AMZN) announced it would stop accepting Venmo payments. The website for the popular PayPal-owned payment app states that "Venmo will remain available to users who currently have it enabled in their Amazon wallet until 01/10/24." Yahoo Finance's Josh Lipton and Julie Hyman break down the details of this trending ticker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
These strong stocks are still available at a great price. That may not be the case a whole lot longer.
(Bloomberg) -- Amazon.com Inc. is ending the use of PayPal Holdings Inc.’s Venmo payment service for purchases with the online retail giant, a little more than a year after adding the option.Most Read from BloombergCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferHunter Biden Indicted in Tax Case as White House Woes MountHarvard, Penn Heads Walk Back Genocide Answers After BacklashWall Street’s AI Craze Drives Nasdaq 10