PayPal User Growth Slowed to a Crawl. Is It Time to Sell the Stock?
Earlier in the pandemic, it seemed PayPal (NASDAQ: PYPL) could do no wrong. People flocked to the digital-payments pioneer as the go-to for secure, touchless payments. Since then, however, new users have been much harder to come by.
When PayPal reported its third-quarter financial results after Thursday's market close, it beat on both the top and bottom lines, but its tepid user growth took center stage. This left many investors wondering what's next for the fintech giant.
To be fair, much of what ails PayPal comes down to the macro environment, as consumers are reining in spending in the face of inflation near 40-year highs, rising interest rates, and economic uncertainty. Those factors were in full view in PayPal's financial performance.
Source Fool.com
