"Some people, believe it or not, even went back to cash. "As the lockdowns subsided, people went back to in-person spending," explained Gabriele. Since then, the growth has largely slowed down, remaining under 15% the past two years. That terrible performance pales in comparison to the Nasdaq Composite index, which is up 76 over that same. As of this writing, the stock price is down 20 from where it traded five years ago. ![]() ![]() A pioneer in the digital payments industry, PayPal has. (NASDAQ: PYPL) today announced the second Venmo Small Business. "A lot of investors and PayPal themselves thought that the e-commerce growth was going to continue to grow at really significant levels," said Dominick Gabriele, an executive director and senior analyst at Oppenheimer & Co.Īt the height of the pandemic, e-commerce sales accounted for 16.4% of total retail sales in the U.S. Since being spun off from eBay in July 2015, PayPal (PYPL-0.20) has seen its stock price rise 89, despite falling 78 from its peak. Within just a year, it would lose all the gains it had made amid the pandemic through a series of disappointing earnings reports. "That traditional retail volume moved to venues and forums where PayPal was prominently displayed and in turn led to outsized growth from a volume perspective over that year and a half," said Andrew Bauch, a senior equity research analyst at Sumitomo Mitsui Banking Corp.īut as pandemic restrictions began to ease, PayPal's stock growth started to fall off. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |