PayPal Holdings Inc (NASDAQ:PYPL) is plummeting Wednesday after the company reported mixed financial results and issued weak guidance, but Jim Cramer thinks there is a larger underlying issue chasing buyers away from the stock.
"The reason why it's sinking the way that it is, is because people don't know what the multiple should be because the credibility of the company is so shot," Cramer said Wednesday on CNBC's "Squawk On The Street."
