“PayPal’s 80% Stock Plunge Hasn’t Soured Wall Street”
June 6, 2023
“or the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down… Analysts were similarly bullish in mid-2021, when pandemic-fueled revenue growth was pushing the stock to record highs. No one predicted the plunge of about 80% that sent PayPal spiraling to a six-year low late last month. This time around, the market is treading more carefully…
“What makes things harder for PayPal is poor growth and continuous margin pressures,” he said. While the stock is a 5.1% holding in the Global X Fintech ETF, the fund has been cutting its position since October last year, data compiled by Bloomberg show…”
https://finance.yahoo.com/news/paypal-80-stock-plunge-hasn-103155842.html
Good job Paypal. This is what happens when you ban your customers for political reasons. It affects your long term growth. I bet you’re regretting banning countless people claiming them to be “far right” now. Paypal is not a company people should be investing in because they are woke. Woke companies are a bad investment. This is not rocket science. Engaging in politics are not good for business. It never ends well.
These companies attack their user base and are surprised when their bottom line takes a hit. It’s amazing how stupid they are. It really is. Paypal’s long term growth is stagnant and will probably forever will be. Why? because woke companies do not learn until they go out of business. Keep banning your costumers Paypal. In fact ban them all. Do us all a favor and ban yourself out of existence.