Can This Beaten-Down Growth Stock Overcome PayPal's Collapse?
PayPal (NASDAQ: PYPL) crushed the payments segment after it reported fourth-quarter earnings that suggested a big slowdown was in the cards for the industry.
Although the report itself wasn't all that bad -- actually, it was pretty good -- it was PayPal's guidance that spooked the market. New active users were expected to dramatically fall to just 15 million to 20 million, or a third of what it reported last year, and was less than half of the 56 million Wall Street had been anticipating.
Coupled with the fact PayPal was abandoning its goal of attracting 750 million new members to its platform by 2025 and would focus instead on extracting more revenue from its existing members, the implication was that there was little growth coming in the industry's future.
Source Fool.com
