Other factors -- including PayPal's rumored deal negotiations with Pinterest, a Department of Justice probe of the company's relationship with Visa, and an inflation-fueled sell-off in tech stocks -- exacerbated the situation. However, PayPal has continued growing on its own, and it recently signed a new partnership with Amazon, which will enable the e-commerce giant to start accepting Venmo payments in 2022. During the latestearnings call CFO John Rainey said the company's operating margin is contracting, because it continues "to invest aggressively in technology and development and sales and marketing, including increased spending on customer acquisition and engagement strategies."