Why PayPal Stock Was Moving in the Wrong Direction Again This Week

Not much is going right for PayPal (NASDAQ: PYPL) these days.

It's losing market share to competitors like Apple. Its payment volume is shifting to lower-margin channels like Braintree, and it continues to lose customers, even as it competes in a growth industry: digital payments.

Investors were reminded of all of those problems when the fintech giant reported fourth-quarter earnings on Wednesday, and they didn't like what they heard. PayPal stock was trading down 10% as of 2:26 p.m. ET for the week, according to data from S&P Global Market Intelligence.

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Source Fool.com