PayPal Sets Social Media Ablaze with Major Change

PayPal (PYPL) is in trouble

The financial services platform has suffered a significant decline since the beginning of the year.

Its share price has fallen 52.2% since January. Market value has declined nearly $114 billion over that period to $104.3 billion.

Profitability concerns around fintech have grown in recent months as fears of a recession have trumped all other considerations with investors.

Investors fear that the Federal Reserve’s (Fed) aggressively raising interest rates to control inflation, which is at its highest in 40 years, will lead to a so-called hard landing in the economy.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *