PayPal and Amazon Are Partnering Up: Which Stock Is a Better Buy Right Now?
PayPal (NASDAQ: PYPL) and Amazon (NASDAQ: AMZN) are two of the biggest names in tech. In November, PayPal announced that the two companies would be launching a partnership in 2022 that would allow customers to check out on Amazon using the Venmo app. PayPal and Amazon both reported mixed third-quarter earnings, and investors have seen shares fall as a result.
However, as long-term investors, it's important to look at the strength of the underlying business involved and not a single quarter of results when assessing a company for your portfolio.
In this segment of Backstage Pass, recorded on Nov. 10, Fool contributors Taylor Carmichael and Rachel Warren discuss PayPal and Amazon's partnership, as well as their general investment theses on both companies.
Source Fool.com
