PayPal Stock Faces Uncertainty Amidst Weak Guidance and Mixed Reactions.

1 min read
Source: Yahoo Finance
TL;DR Summary

PayPal's Q1 results beat expectations, but the company's weak guidance caused its stock to slump 5.4%. The payments giant cautioned that its adjusted operating margin won’t grow as quickly as previously anticipated, even after spending on its platforms surged more than expected in the first quarter. PayPal's pandemic success has slowed down due to rising competition in the digital-payment space and a recent slowdown in e-commerce growth. Investors should keep an eye on PayPal-heavy ETFs like Grayscale Future of Finance ETF, Global X FinTech ETF, and ETFMG Prime Mobile Payments ETF.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

85%

62291 words

Want the full story? Read the original article

Read on Yahoo Finance