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Benzinga
Benzinga
Business
Shanthi Rexaline

UNCOVERED: Earnings preview will paypal s q2 pay off despite macroeconomic uncertainties - The Untold Story

PayPal James Faucette Nasdaq PYPL Joseph Vafi e-commerce Morgan Stanley

PayPal Inc. (NASDAQ:PYPL) stock has been on a secular downtrend since July 2021 and it has plummeted about 71% from its all-time high of $310.16 on July 26, 2021.

The improvement in the pandemic situation, which allowed people to shop at physical stores, and former parent eBay Inc.’s (NASDAQ:EBAY) decision to have its own payment processing platform were among the reasons for the predicament.

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