Amazon Removes PayPal-backed Venmo as Payment Option, PYPL Stock Drops Nearly 2%
While Amazon did not provide the actual reason for not supporting Venmo as a payment option, the notable rise of web3 payment platforms could be a major factor.
PayPal (PYPL) Shares Fall 7% as Q2 2023 Report Disappoints Investors
By Tolu Ajiboye
Despite investor disappointment, CEO Dan Schulman is confident that Q2 2023 shows that PayPal is on the right path to growth.
PayPal Q1 2023 Earnings Beats Analysts’ Expectations by 1%
PayPal has been forced to update its 2023 earnings outlook due to its latest financial reports.
Dan Schulman to Step Down as PayPal CEO at End of 2023, Company Looking for Successor
By Darya Rudz
Along with the announcement about Dan Schulman stepping down, PayPal has also released its fourth-quarter and full-year 2022 results.
PayPal to Send Home 2000 Full-Time Employees, PYPL Shares Gain 2%
PayPal CEO has noted that the 2000 job cuts should have helped the company save $900 million last year and at least an additional $1.3 billion in 2023.
PayPal Shares Slump Despite Beating Wall Street Revenue Expectations in Q3 2022
Paypal currently comes off as one of the dominant fintech firms in the United States, and it has a strategy of expanding its available product suite to meet all classes of users.
PayPal Adds Crypto Transfer to External Wallets and Exchanges Functionality
PayPal said the feature is currently available to selected US users.
PayPal (PYPL) Stock Up 2% as Company Reports Q1 2022 Performance
Compared to the 2021 Q1, PayPal spiked 13% to $323.05 billion in its total payment volume for the last quarter.
Cathie Wood Chooses Block Over PayPal, SQ Shares Down 2%
Cathie Wood and Ark Invest have invested in Bitcoin and blockchain technology through the decentralized financial ecosystem (DeFi).
PayPal (PYPL) Shares Down Over 25%, Weak Guidance and Slow User Growth Prompt Analysts’ Stock Downgrade
PayPal stock dropped approximately 50.98%, 29.70%, 41.91%, and 31.05% in the past year, YTD, three months, and one month respectively through Tuesday.
PYPL Stock Sheds 18% as PayPal Announces Weak Revenue Growth in Q4 2021
In 2021 Q4, PayPal onboarded new active accounts. This includes 3.2 million new users after it acquired Japan’s Paidy.
PayPal (PYPL) Shares Drop 4% in Light of Bernstein Downgrade Stock from Buy to Hold
By Tolu Ajiboye
PayPal shares dipped 4.36% after Bernstein downgraded its status due to rising competition that could possibly disrupt its market.
PayPal (PYPL) Stock Tanks 10% on Disappointing Revenue Forecast
PayPal unveiled a disappointing forecast for its next earnings citing reasons for consumer spending descrease.
PYPL Shares Up1.61% as PayPal Reports 13% Revenue Growth in Q3 2021
The reported revenue growth is said to be fueled by PayPal’s services diversification in various markets.
PINS Shares Up 12.77%, PayPal Plans to Purchase Pinterest for $45B
Pinterest shares gained approximately 23.36% in the past year but dropped approximately 4.89%, and 13.79% in the past ten months and three months respectively.