Fool.com contributor Parkev Tatevosian discusses why this cost-cutting move by PayPal (NASDAQ: PYPL) management is a good decision for shareholders. *Stock prices used were the afternoon prices of Feb. 2, 2024. The video was published on Feb. 4, 2024. Should you invest […]
PayPal Holdings (PYPL) plans to cut 9% of its workforce, or 2,500 employees, in 2024. But the cost-cutting move didn’t ignite a rally in PYPL stock on Wednesday. Fourth quarter earnings for PayPal stock are due on Feb. 7. X On the stock market today, PayPal stock fell 3.6% to close at 61.35. Mizuho Securities […]
PayPal is laying off nine percent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the end of the week, Bloomberg reported earlier. PayPal’s layoffs come almost […]
(Changes sourcing, adds details from letter in para 3, share movement in para 4) By Hannah Lang and Manya Saini Jan 30 (Reuters) – Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. […]
PayPal (NASDAQ: PYPL) is one of the pioneers of online commerce. But over the past few years, the fintech landscape has ballooned with new competition. While PayPal is still very much a global leader in e-commerce among merchants and consumers, investors have soured on the stock as growth concerns linger. During the past three years, […]
Although Solana (CRYPTO: SOL) currently sits 67% below its all-time high, which was set in November 2021, this cryptocurrency has still skyrocketed 2,700% in the last three years. That gain crushes the rise of the Nasdaq Composite Index. The impressive price performance highlights how successful it’s been to speculate on this digital token in the […]
PayPal (NASDAQ:PYPL) stock has been in the doghouse for a long time, but the stock looks compelling based on its inexpensive valuation and the new strategic initiatives it unveiled at its First Look event. I’m bullish on this beaten-down fintech stock based on management’s new growth initiatives and its undemanding valuation. New Strategies Unveiled: Life […]
By Hannah Lang (Reuters) – PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject new life into the payments giant. It is the first major announcement under Alex Chriss, who joined PayPal in September, and the new products […]
By Hannah Lang Jan 25 (Reuters) – PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject new life into the payments giant. It is the first major announcement under Alex Chriss, who joined PayPal in September, and the […]
(Bloomberg) — Analysts are throwing in the towel while some investors are positioning for stock gains in PayPal Holdings Inc. ahead of an event Thursday at which the company is expected to showcase its innovations. Most Read from Bloomberg At least four analysts have downgraded the stock this month, citing a range of concerns from […]
PayPal (NASDAQ: PYPL) was spun off from eBay back in July 2015, and its investors received one share of PayPal for every share of eBay they owned. PayPal’s new shares started trading at $41.63, and they eventually rallied to an all-time high of $308.53 during the apex of the growth stock rally in July 2021. […]
Fool.com contributor Parkev Tatevosian analyzes PayPal (NASDAQ: PYPL) stock to predict where its stock price could be in 2024. *Stock prices used were the afternoon prices of Jan. 15, 2024. The video was published on Jan. 17, 2024. Should you invest $1,000 in PayPal right now? Before you buy stock in PayPal, consider this: The […]