Why PayPal Stock Jumped Dropped 20% in February
Shares of PayPal Holdings (NASDAQ: PYPL) dropped 20% in February, according to data provided by S&P Global Market Intelligence. The company's fourth-quarter report contained some good news and some bad news, and the market was focused on the bad part.PayPal has struggled over the past few years as competition has made inroads into developing rival fintech businesses, and profitability has declined. It hired a new CEO last year, Alex Chriss, and there's been a good amount of change taking place.Some of the updates involve product changes. For example, it has launched several new features that streamline and speed up the buying process, like Fastlane, which saves payment info and allows customers to pay with one click. Other updates include operational changes like the all-important pricing to value that Chriss has been speaking about for a while.Continue reading
Shares of PayPal Holdings (NASDAQ: PYPL) dropped 20% in February, according to data provided by S&P Global Market Intelligence. The company's fourth-quarter report contained some good news and some bad news, and the market was focused on the bad part.
PayPal has struggled over the past few years as competition has made inroads into developing rival fintech businesses, and profitability has declined. It hired a new CEO last year, Alex Chriss, and there's been a good amount of change taking place.
Some of the updates involve product changes. For example, it has launched several new features that streamline and speed up the buying process, like Fastlane, which saves payment info and allows customers to pay with one click. Other updates include operational changes like the all-important pricing to value that Chriss has been speaking about for a while.
