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PayPal invested $500 million in Uber's IPO. The company has lost $215.7 million on that investment since.

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The loss weighed on PayPal's quarterly earnings, and the company said it will change its accounting to exclude the impact of investments like Uber.

PayPal invested $500 million in Uber's May IPO. Since, Uber's stock price has fallen more than 40%, erasing $215.7 million from PayPal's original investment. The loss weighed on PayPal's third-quarter earnings, and the company said it would change its accounting methodology to exclude the impact of such investments in the future. Read more on Business Insider. Uber's plummeting share price is not good for PayPal.

PayPal invested $500 million in Uber's May IPO. Since, Uber's stock price has fallen more than 40%, erasing $215.7 million from PayPal's original investment. The loss weighed on PayPal's third-quarter earnings, and the company said it would change its accounting methodology to exclude the impact of such investments in the future. Read more on Business Insider. Uber's plummeting share price is not good for PayPal.

 

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