PayPal shares fall after payments giant reports shrinking profits measure

Company said it had increased losses in it business loan portfolio

PayPal still employs about 2,000 people in Ireland, at bases in west Dublin and Dundalk despite recent rounds of large job losses.

Shares in PayPal fell a day after the payments giant said a key measure of profits shrank and as the company had to set aside more money to cover souring loans it has made to US retailers. 

PayPal still employs about 2,000 people in Ireland, at bases in west Dublin and Dundalk, despite recent rounds of large job losses.