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Tag Archives: paypal stock

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. In October last year, Amazon.com Inc (NASDAQ: AMZN) announced that it would begin to offer Venmo, a product of PayPal Holdings Inc (NASDAQ: PYPL), as a new payment option to boost its orders on the mobile app and Amazon.com site during the festival season. Initially, Amazon announced only its US-based customers would shop with the...

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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. Multinational digital payment company PayPal (NASDAQ: PYPL) has released the financial report of its earnings in the first quarter of 2023. PayPal benefited from the outbreak of the novel coronavirus in 2020 as more people switched to online transactions. The company’s revenue ascended from $17.8 billion in 2019 to over $25 billion in 2021. Its shares also increased significantly during the...

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PayPal Stock Down 8.35% Yesterday Following Repeated Share Offloads by Company Execs

PayPal lost over 8% of its stock price yesterday as it feels the brunt of the biting coronavirus epidemic. The company’s execs have also been dumping shares.Just like many other companies, PayPal Holdings Inc (NASDAQ: PYPL) is not having a field day at all. The company’s stock is reacting quite unfavorably to the coronavirus epidemic burning large holes through the stock market. Currently, PayPal (PYPL) stock isn’t exactly doing great, causing the company and investors to be a little worried....

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