PayPal stung by ‘bad actors,’ shuts 4.5 million accounts
Bloomberg News
(Bloomberg) — PayPal Holdings Inc. said it closed 4.5 million accounts and lowered its forecast for new customers after finding “bad actors” were taking advantage of its incentives and rewards programs. Shares of the company fell by the most on record. The payments giant, which is also overhauling its marketing strategy, said it no longer […]