$PYPL Part 1: The world's leading fintech giant!
PayPal is the most secure way to pay and receive payment for products and services online!
PayPal's services allow anyone to pay with the click of a button, without revealing their financial information to the seller.
PayPal has over 325 million active accounts worldwide and its services are available in 202 countries!
After telling you a bit about PayPal, let's get to the point - from last July until today, the company has completed a decline of about 35% from its peak!
This follows a series of events: 1. PayPal acquired negative sentiment due to young fintech companies eating into its market share.
2. The decline worsened following reports of the acquisition of the social network "Pinterest".
3. The company reached a low due to a mixed report and lowered guidance for the next quarter.
Note: With the release of the reports, PayPal stated that as early as next year, Amazon customers will be able to pay for products on the site using PayPal's subsidiary (Venmo).
Despite the negative consensus and new alternatives, PayPal is the world's largest fintech pioneer and has consistent and stable growth over the years!
Current price: $205.42. Market cap: $241 billion. Risk level: Medium. Company name: PayPal.
Continuation and technical analysis in the next post: