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PayPal shares fall on weak guidance

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Shares of PayPal closed down 24% on Wednesday, its worst-ever trading day.

The share decline came after the company projected revenue would grow about 15% to 17% during 2022. Analysts were looking for 17.9% growth this year.

PayPal CEO Dan Schulman said the company took "a measured approach" to guidance.

Read more from CNBC.

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