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PayPal Holdings Inc. Nasdaq Global Select
Open: $0.00 High: $0.00 Low: $0.00 Close: $0.00
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PayPal Holdings Inc. 2211 North First Street San Jose CA, 95131
PayPal Holdings Inc is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants. The company's payments platform includes PayPal, PayPal Credit, Venmo, Xoom and Braintree products.
  • CEO: Daniel H. Schulman
  • Employees: 18,700
  • Sector: Financial Services
  • Industry: Credit Services
Latest news about the PYPL
  • Bitcoin Crash Is Excellent Opportunity to Buy the Dip

    One of the major investing themes coming out of 2020 is the soaring price of bitcoin (CCC:BTC). However, the cryptocurrency slid as much as 21% over a two-day period to as low as $32,389. Since the start of the novel coronavirus pandemic, it’s the biggest two-day drop, wiping off nearly $140 billion in total market capitalization. Source: Shutterstock In a nutshell, investors reacted to the stronger dollar and growing political uncertainty. The cryptocurrency is still up roughly 89% on a trailing one-month basis. Nevertheless, the drop did send shivers down the spines of investors. Peaks and valleys will always be part and parcel of investing in bitcoin. But I believe this is just a momentary blip, and normal service will resume soon enough. Covid-19 is surging once again in Asia, and the impeachment of President Donald Trump is jolting the markets. The strengthening of the dollar and higher bond yields are also an important contributing factor in the fall in bitcoin prices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, all these factors are temporary in nature. In the long run, bitcoin will continue to climb higher. Financial institutions are increasingly allowing users to buy, store, and sell cryptocurrencies. That’s why in a recent Bloomberg Crypto monthly report, analysts are predicting that bitcoin could more than double from its current value in 2021. Bitcoin Finally Gaining Widespread Acceptance The recent surge in bitcoin prices is due to multiple factors. A weaker dollar, economic optimism, big-ticket investment banks backing the scarce digital currency against inflation, and a weakening U.S. dollar are some reasons. However, I believe the biggest contributor is higher institutional interest. 9 Stocks That Investors Think Are the Next Amazon Square (NYSE:SQ), Paypal (NASDAQ:PYPL), Nvidia (NASDAQ:NVDA), and CME Group (NASDAQ:CME) all provide exposure to the cryptocurrency to their users. All of these companies are large diversified conglomerates. Therefore it’s hard to pinpoint how much money these companies are making through bitcoin. However, considering the surge in its price, it will be a significant contributor to the bottom line looking ahead. Just as an example, Square’s Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020. This was up approximately 11x and 15x year-over-year, respectively. Pantera Capital research shows PayPal and Square are securing all the new bitcoin added to the market daily. That’s great news, particularly for PayPal users. The online payments system provider allows its customers to buy, hold and sell cryptocurrencies such as bitcoin and ethereum for as little as $1. Similarly, a range of mid- or high-end graphics cards from Advanced Micro Devices (NASDAQ:AMD) is selling out, leading to a shortage in the markets. It’s mainly due to cryptocurrency miners purchasing them in bulk to build machines to mine bitcoin and similar cryptocurrencies. CME Group, which is the biggest largest financial derivatives exchange, also offers bitcoin futures contracts. Up until Dec 16, 2020, 8,560 CME Bitcoin futures contracts – equal to roughly 42,800 bitcoin – traded on average each day. Simultaneously, the institutional interest keeps increasing. The number of large open interest holders reached a record of 110 in December. Here to Stay We have been here before. Dizzying highs and lows are not a new phenomenon for bitcoin. However, the cryptocurrency is now finally gaining institutional support, which eluded it for a long time. The pandemic certainly helped. During the widespread lockdowns, online commerce and payments ballooned, increasing interest in digital currencies exponentially. Bitcoin was always volatile. But the past year has shown that every asset class can become wobbly in an uncertain environment. It was always regarded as an interesting store of value due to the ultimate ceiling of 21 million and the difficulties in mining it. But its wider acceptance is bringing a sense of credibility and stability that was hitherto missing. For me, that is what makes it an interesting asset to hold, despite the risks that come with it. The prospect of central banks issuing their own digital currencies will always be there. However, now that financial institutions as large as BlackRock (NYSE:BLK) are warming up to it, the future looks very bright for bitcoin. On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Faizan Farooque is a contributing author for and numerous other financial sites. Faizan has several years of experience analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Bitcoin Crash Is Excellent Opportunity to Buy the Dip appeared first on InvestorPlace.

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  • The Party May Just Be Starting For Litecoin

    Frequently known as the silver to bitcoin’s (CCC:BTC) gold, the time may be right for investors to invest in litecoin (CCC:LTC). One of the oldest altcoins, litecoin has jumped over 85% since Dec. 10. But unlike other times when crypto values have surged, this time may be different. Source: Shutterstock For a brief moment in early January, the value of the cryptocurrency market topped $1 trillion. Not surprisingly much of the attention has been on the value of bitcoin. And that makes sense. It sounds more appealing to throw out the fact that bitcoin is trading at more than $36,000 per coin. And according to Forbes, one bitcoin may be worth up to $500,000 by 2030. However, litecoin correlates nearly perfectly with bitcoin. According to Coin Predictor, the correlation coefficient of their prices is 0.83. On range of -1 to 1, a score of 1 represents the strongest positive correlation. And you can buy litecoin for literally a fraction of what it costs you to buy bitcoin.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 9 Stocks That Investors Think Are the Next Amazon But why is now different? One of my favorite sayings is that life happens while you’re busy making other plans. I frequently see trends that emerge, seemingly overnight, but if you were paying attention the groundwork was laid. And that’s what I believe is happening with litecoin in 2021. From Fear to Fun Cryptocurrency is maturing and it has nothing to do with the value of the digital currency. It’s maturing in its messaging. When bitcoin first began capturing the imagination of investors, it seemed too complicated for the average investor to bother with. And in truth it was. You needed to be extremely technologically literate to invest in litecoin. But that’s not the case today. Whereas a few years ago, you needed to know programming to initiate a crypto wallet (a digital wallet for a specific cryptocurrency), today there are mobile apps that make it easy to buy and sell cryptocurrency. While ease of access is important, there’s a psychological component as well. Keep in mind, that when bitcoin hit the scene in 2009 the world was still reeling from the effects of the Great Recession. The Federal Reserve had begun its process of quantitative easing that would last nearly a decade. Wealth, in the form of fiat currency, was crushed. It was the perfect storm for an alternative currency to arrive. The problem was that while some investors may have had a fear of missing out. The greater fear was in getting involved and losing an entire investment. There will always be an audience that buys litecoin and other currencies for as a hedge against the devaluing of fiat currency. But part of cryptocurrency growing up means that it’s going mainstream. For example, the divisibility of crypto currency is ideal for Robinhood investors who can buy litecoin and other cryptocurrencies directly from the app. Litecoin Is Becoming a Medium of Exchange One of the benefits of owning cryptocurrency is that there are a finite number of coins that will be in circulation (for litecoin that number is 84 million). But one of the obstacles to mainstream acceptance has been a lack of utility to ownership. The currency wasn’t remotely close to being widely accepted. In that regard, PayPal (NASDAQ:PYPL) is helping litecoin and other digital currencies take a big step towards legitimacy. By making a limited number of cryptocurrencies, including litecoin, available on its platform, it should expand the use case for litecoin. And that’s perhaps the biggest argument for litecoin and other cryptos. When I first started using PayPal, it was great for peer-to-peer transactions. But ultimately I had to move funds to my bank account for there to be utility. Today, I have a PayPal debit card (that provides minimal rewards) and PayPal is a common method of payment. Simply put, it’s just as efficient to use my PayPal account as opposed to my traditional bank account. And that’s another reason to consider litecoin. The altcoin was first created as “the better blockchain,” but nobody knew what advantage there was to processing transactions faster than bitcoin meant. As cryptocurrency gains more utility, users will appreciate litecoin’s security and speed. The Big Money May Be Coming At some point, the regulatory framework surrounding cryptocurrency may become more well defined. When that occurs, it’s likely that the institutional investors will bring the big dollars into the crypto markets. That’s why now is the time for investors to buy litecoin. The pandemic may have allowed some of us to blink on cryptocurrencies. But now that we’re opening our eyes, the landscape has changed and cryptocurrencies are growing up. Investing in litecoin is not without risk, but if you have room in your portfolio for a little speculation, this may be the optimal time to buy. On the date of publication Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. Chris Markoch is a freelance financial copywriter who has been covering the market for seven years. He has been writing for Investor Place since 2019. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post The Party May Just Be Starting For Litecoin appeared first on InvestorPlace.

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  • Is Paypal Holdings (PYPL) Stock a Buy For 2021?

    Wedgewood Partners recently released its Q4 2020 Investor Letter, a copy of which you can download here. The Fund returned 12.2% for the fourth quarter of 2020. Meanwhile, the benchmark S&P 500 Index and the Russell 1000 Growth Index gained 12.2% and 11.4%, respectively. You should check out Wedgewood Partners’ top 5 stock picks for […]

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  • Is PayPal Stock A Buy Right Now? Here's What Earnings, Charts Show

    Top digital payments stock PayPal is one of the leading growth stocks in the current stock market. But is it a buy right now?

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  • 7 Long-Term Stocks To Buy You’ll Want To Hang Onto

    When you start hearing about day trading at volume, you know the markets have gotten frothy and buying and holding long-term stocks isn’t a top priority for investors. But times like these are precisely when it should be. Trying to time trades is tricky business, even for Wall Street bigshots who have been trading for decades with state of the art equipment and a lifetime of institutional knowledge – and occasionally an advanced degree in mathematics. Trying to outsmart these people or play their game over the long term might be entertaining, but if your goal is to make money, I wouldn’t bother. Finding companies with solid fundamentals in key industries and buying for the long-term might be boring, but it makes money.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 9 Stocks That Investors Think Are the Next Amazon Here are 7 long-term stocks to buy you’ll want to hang onto: Amazon (NASDAQ:AMZN) Clorox (NYSE:CLX) (NASDAQ:JD) PayPal (NASDAQ:PYPL) Qualcomm (NASDAQ:QCOM) Shopify (NASDAQ:SHOP) Sony (NYSE:SNE) These companies deserve your attention for the future because of how well they’ve handled the past. Long-term Stocks To Buy: Amazon (AMZN) Source: Sundry Photography / There are few companies that can turn into a global retail brand the way AMZN has done. From a humble online bookseller in the 1990s to market juggernaut in just three decades, Amazon has been on quite the journey. Now it’s hard for most Americans to imagine a day that doesn’t somehow involve an Amazon product. Whole Foods for grocery shopping (if you’re not buying supplies off its website). Prime for watching shows and movies. Of course, its bread-and-butter retail and logistics operations. And of course, cloud computing behemoth Amazon Web Services provides plenty of cash to keep all its new and existing ventures running. When the pandemic hit, everyone realized how valuable AMZN had become. But its value is much more now, as it holds a nearly $1.6 trillion market cap. It is kind of a one-stock index of the entire modern economy. If you’re a long-term bull on the U.S., AMZN is a long-term stock for you. Up 70% in the past year, its pace may vary but its continued growth isn’t in question. Clorox (CLX) Source: TY Lim / This company’s beginnings stand almost in direct opposition to that of AMZN. CLX made one product, bleach, for nearly 50 years and built a big business out of it. Now more than 100 years old, CLX has diversified its product line a bit, though not significantly. Now it has a portfolio of around 50 brands that are sold in over 100 countries. Reliable names like Glad, Handi Wipes, Liquid-Plumr, Pine-Sol and Tilex along with its titular Clorox line. This is a classic long-term US stock. During the pandemic, cleaning and disinfecting products have been in high demand at home and abroad. CLX stock remains rock solid. And that’s to be expected after growing through two World Wars, the Great Depression and everything else that has come its way. 9 Stocks That Investors Think Are the Next Amazon Up 24% in the past 12 months, it’s still trading at a P/E of 21 — below the average forward P/E of the S&P 500 — with plenty of growth ahead. (JD) Source: Sundry Photography / The growth of digital channels in the U.S. is mirrored in China, where its domestic market is almost an order of magnitude larger than U.S. market. The potential is huge. Also, the Chinese market operates a bit differently than the U.S. Large companies tend to work with each other to leverage their most important assets rather than try to compete head to head. But they also diversify. For example, JD is like the AMZN of China (and other Asian nations). It has expanded into logistics, AI, fintech and other sectors. Yet for all of its strength, it trades at one-tenth the market cap of AMZN and that’s after a 127% run in the past 12 months. Certainly there’s some trade risk here, as the U.S. threatens to delist Chinese firms from U.S. exchanges, but JD is far down that list. This is a top long-term stock for the China’s and Asia’s consumers. PayPal (PYPL) Source: JHVEPhoto / This is the company that launched Elon Musk before he became the maverick CEO we all know today. Even back then Musk was a handful, getting deposed as CEO after a couple years but still holding more stock than anyone else when eBay (NASDAQ:EBAY) purchased PYPL in 2002. That became the seed capital for Musk’s later ventures. But beyond the personality, PYPL is a pioneer in electronic payments and now in peer-to-peer (P2P) payments with its Venmo app. Time and again Wall Street has dismissed PYPL as not having the kind of financial reputation or muscle to take on the big financial institutions in the digital space. And time and again, PYPL has proven them wrong. The past year has been a boon for PYPL’s model and has showed that big banks weren’t altogether ready for the quick and massive shift to digital. And PYPL now has credit services as well as other payment platforms. 9 Stocks That Investors Think Are the Next Amazon The stock is up over 113% in the past 12 months and it’s now here to stay. Qualcomm (QCOM) Source: jejim / We’re well ensconced in the Mobility Age at this point. By that I mean what started as the digital revolution has now moved to the point where wireless networks keep us connected nearly all the time, much to some people’s chagrin. But the fact is, despite the downsides, there are plenty of upsides too. And now that 5G telecom tech is upon us, data will be flowing even faster than before. One the beneficiaries and leaders in pushing digital mobility further is QCOM, one of the world’s leading telecom companies. Its business model is unique because it develops chips and telecom equipment but makes money licensing the technology for others to manufacture and also taking a cut of sales. Both U.S. and Chinese (and others) phone makers rely on state of the art QCOM chips, especially for 5G. QCOM just signed a new deal to rekindle relations with Chinese phone makers earlier this week. As long as mobility is a thing, this is a long-term stock to own. The stock is up 75% in the past 12 months, yet the stock is trading at a P/E of 35. Shopify (SHOP) Source: Paul McKinnon / With unemployment nearing 6.7% and many states admitting that the pandemic has hampered their ability to accurately count the unemployed, there are a lot of Americans trying to figure out how to bring in a paycheck. Many have turned to driving Uber or Lyft, although passenger numbers are down significantly now as well. And taxis are even worse. That has led many to try their hands at turning their hobbies into businesses. And that’s where SHOP comes in. It’s a cloud-based platform that helps small and mid-sized business build out professional websites. The stock is up nearly 1000% over the past three years, and much of that has come in the past two years, as the economy has slowed. Vaccines may be on the way, and the government is working through another stimulus package, but the damage done to the economy has yet to be seen clearly given all the other issues facing the nation. 9 Stocks That Investors Think Are the Next Amazon This stock is up 167% in the past year and has plenty of potential growth ahead. Sony (SNE) Source: Girts Ragelis / Launched in 1946 in Japan, SNE has been known to every generation since for various electronics. For decades, SNE made the best televisions in the world after launching the first all-transistor television in 1959 and taking the global television market by storm. Then came the video generation. Then the Walkman generation, when SNE defined personal, portable music. And now, it’s the PlayStation videogame system. Along the way, it has moved into the entertainment industry, on both the content and equipment sides. Its contributions to our electronic era are practically too numerous to list and Sony continues to be a formidable player. The thing is, it generally cuts a low profile. SNE stock is currently up more than 43% in the past 12 months, yet trades at a P/E below 15. This durable, quality electronics firm may not garner headlines, but it still is a revered and important brand, generation after generation. Disclosure: On the date of publication, Louis Navellier had positions in AMZN, CLX, JD, PYPL and SHOP in this article. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post 7 Long-Term Stocks To Buy You’ll Want To Hang Onto appeared first on InvestorPlace.

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  • The Zacks Analyst Blog Highlights: PayPal, Exxon Mobil, Goldman Sachs, Charter Communications and Biogen

    The Zacks Analyst Blog Highlights: PayPal, Exxon Mobil, Goldman Sachs, Charter Communications and Biogen

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  • Buy now, pay later boom brings 'shift away from credit to debit’

    Americans are increasingly taking advantage of the buy-now, pay-later (BNPL) offerings thanks to a growing number of financial technology companies.

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  • PayPal target raised to Street-high $350 at Mizuho amid bitcoin momentum

    Mizuho analyst Dan Dolev upped his price target on PayPal Holdings Inc.'s stock to $350 from $290, writing of traction for the company's bitcoin efforts. His new target is higher than all those listed on FactSet. "Both our survey and management commentary unveil a dramatic increase in engagement due to crypto," he wrote in a note to clients. "As evidence, PayPal recently said that 50% of its crypto users are opening the PayPal app daily." Dolev sees the potential for PayPal to generate nearly $2 billion in revenue from bitcoin in 2023, which equates to 10% upside over his current overall revenue estimate for the period. Dolev's survey work indicated that those engaging in bitcoin trading through PayPal's platform demonstrate PayPal app usage that's three times higher than non-bitcoin traders. They also have higher cash balances, he said. PayPal announced in October that it would begin letting users buy, sell, and hold cryptocurrencies through its app. MoffettNathanson analyst Lisa Ellis is also upbeat about the opportunity in bitcoin. "Over the long-term, we believe PayPal's cryptocurrency initiatives have significant strategic value, helping PayPal diversify the PayPal and Venmo apps into 'destination apps' for a broad range of financial services, and positioning PayPal to help shape the long-term role of cryptocurrencies (and government-backed digital currencies) in the consumer payment system," she wrote in a Friday note to clients, while raising her price target on the stock to $300 from $280. In the near term, she thinks cryptocurrency services could contribute about 2 percentage points, or $300 million to $600 million, to PayPal's 2021 revenue. The stock has gained 111% over the past 12 months as the S&P 500 has risen 15%.

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  • Paypal (PYPL) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Paypal (PYPL) closed at $242.06, marking a -1.16% move from the previous day.

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  • Billionaire Stephen Mandel’s Lone Pine Is Embracing The Tech Revolution

    In this article, we reviewed returns from billionaire Stephen Mandel’s top ten stock picks to determine whether Lone Pine’s strategy of embracing the tech revolution is working. Click to skip ahead and see Billionaire Stephen Mandel’s Top 5 Stock Picks. Julian Robertson’s protege Stephen Mandel’s hedge fund Lone Pine Capital has generated annualized returns of […]

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  • Top Research Reports for PayPal, Exxon Mobil & Goldman Sachs

    Top Research Reports for PayPal, Exxon Mobil & Goldman Sachs

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  • Retail Investors Are Back in Crypto Markets

    Retail investors, who powered Bitcoin to record highs in 2017, are back in crypto markets. But they might not leave this time around.

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  • PayPal's (PYPL) Solid Crypto Momentum to Challenge Square

    PayPal (PYPL) witnesses a significant surge in its daily cryptocurrency transaction volume.

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  • ROCE Insights For PayPal Holdings

    Looking at Q3, PayPal Holdings (NASDAQ:PYPL) earned $977.00 million, a 2.73% increase from the preceding quarter. PayPal Holdings also posted a total of $5.46 billion in sales, a 3.76% increase since Q2. In Q2, PayPal Holdings earned $951.00 million, and total sales reached $5.26 billion.What Is ROCE? Changes in earnings and sales indicate shifts in PayPal Holdings's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, PayPal Holdings posted an ROCE of 0.05%.It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.View more earnings on PYPLReturn on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.For PayPal Holdings, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies.Q3 Earnings Recap PayPal Holdings reported Q3 earnings per share at $1.07/share, which beat analyst predictions of $0.94/share.See more from Benzinga * Click here for options trades from Benzinga * 10 Information Technology Stocks With Unusual Options Alerts In Today's Session(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • 'Buy Now, Pay Later' Wave Could Boost PayPal Stock, Disrupt Credit Firms

    Buy now, pay later services from PayPal, Affirm, Klarna and others are shaking up e-commerce by providing consumers with short-term loans. Analysts expect a 2021 boost for PayPal stock.

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  • PayPal Becomes First Foreign Company To Fully Own A Payments Platform In China

    PayPal Holdings Inc (NASDAQ: PYPL) became the first foreign company to be in complete control of its payment platform in China, Reuters reported Thursday (Shanghai time). What Happened: The Elon Musk and Peter Thiel-founded fintech firm acquired the remaining 30% stake in China's GoPay -- formerly known as Guofubao Information Technology Co. -- that it did not own as of Dec. 31, 2020, as per China's National Enterprise Credit Information Publicity System.A year earlier, PayPal had purchased 70% of the stake in GoPay for an undisclosed amount, according to Reuters.Thereafter, the entity became the first foreign company licensed to operate as a payment services company in China.No financial details of the latest transaction were disclosed.Why It Matters: This latest development will pitch PayPal head-to-head against domestic heavyweights such as Alipay -- owned by Alibaba Group Holding Ltd's (NYSE: BABA) Ant Group, and WeChat Pay -- owned by Tencent Holdings Ltd (OTC: TCEHY), noted Reuters.Jack Ma-founded Alibaba is at the center of Beijing's crusade against monopolies. The fall out of the antitrust drive may extend to others such as Tencent.See Also: China Silences Domestic Media On Alibaba Probe: FTThe Chinese conglomerate also suffered a recent setback in the United States after Outgoing President Donald Trump banned transactions through its Alipay app.Price Action: PayPal shares closed nearly 3% higher at $244.90 on Wednesday and gained 0.42% in the after-hours session. See more from Benzinga * Click here for options trades from Benzinga * Alibaba Launches Electric Sedan In Partnership With China's Largest Automaker: What You Need To Know * Why Bill Miller Is Just As Excited About Bitcoin Near All-Time Highs As At K(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • PayPal becomes first foreign firm in China with full ownership of payments business

    PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments. PayPal acquired the 30% stake it doesn't already own in China's GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System. The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amount,then becoming the first foreign company licensed to provide online payment services in China.

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  • Affirm CFO: We won't deal with retailers not 'aligned to our values'

    Affirm Holdings) hit the public markets on Wednesday, a week after a deadly Capitol Hill riot that drew widespread attention to tech companies billing themselves as “platforms.”

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  • Affirm IPO Stock Soars As Trading Begins, Raising $1.2 Billion

    Affirm raised $1.2 billion with an initial public offering that priced well above expectations and received a fully diluted valuation of about $15 billion. Shares jumped as trading began.

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  • It Could Be a Big Year for Bank Mergers. Here Are Names to Watch.

    Last year, amid the worry over low interest rates and potentially ballooning loan losses, banks were busy navigating through their own issues and less interested in acquiring banks that could potentially bring their own set of problems. Interest rates were low by historical standards and the sector was facing competition from fintech players like (PYPL) (PYPL) and (SQ) (SQ). Now, in 2021, interest rates are even lower and banks have had to rethink their digital game amid lockdowns spurred by the pandemic.

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