PayPal has only known a growth, growth, growth mindset under long-time CEO Dan Schulman. That mindset officially ended as of August 2 as PayPal switches tactics to appease activist investor Elliott Management, which has disclosed a $2 billion stake in the payments giant. Late Tuesday, the company outlined $900 million in cost cuts — mostly through layoffs, real estate consolidation, and project cutbacks. PayPal also uncorked a new $15 billion stock buyback plan. Investors cheered the about… Source link
Read More »PayPal’s Venmo is morphing into a ‘super app’: BofA
PayPal’s (PYPL) Venmo is set to become an even more formidable player in the payments space in the next several years, according to Bank of America. In the past year, PayPal has evolved beyond its early peer-to-peer payments capabilities, rolling out new features including a Venmo credit card and cryptocurrency trading. The company has also eyed introducing high-yield savings accounts and budgeting tools. And on Monday, CNBC reported that PayPal is looking to roll out a stock-trading… Source link
Read More »PayPal’s Bitcoin revenue expected to top $2 billion by 2023
TipRanks These 3 “Strong Buy” Stocks Are Top Picks for 2021, Say Analysts Some traditions are too time-honored to shirk, and on Wall Street, the annual ‘top picks’ are one. Usually made at the very end or very beginning of a year, the Street’s analysts publish reviews on the stocks they believe will show the best performance in coming months – their top picks. The analysts have been analyzing each stock carefully, looking at its past and current performance, its trends on a variety… Source link
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