Tag: digital payments

January 31, 2023

The PayPal job cuts follow a $2-billion investment in the company last year by Elliott Investment Management, an activist investor that often pushes companies to increase profitability in the interest of boosting stock prices. The value of PayPal’s shares have […]

November 28, 2022

PayPal is counting on its digital app to boost business as it focuses more on customer engagement and less on adding new customer accounts. To that end, one new service the company is testing is a teen account for users […]

April 28, 2022

Digital payments pioneer PayPal once again cut back its growth goals for this year, and beyond, when it reported first-quarter earnings Wednesday. The San Jose-based company told analysts on the earnings conference call that the macroeconomic environment, including inflation, the […]

February 2, 2022

In a one-two punch to its status as a major global digital payments processor, PayPal delivered disappointing fourth-quarter results Tuesday and a dimmer outlook for new customer and revenue growth this year. The San Jose, California-based company reported fourth-quarter profits […]

January 11, 2022

In a rare move, Mizuho Securities on Friday downgraded Visa, the largest credit card network in the U.S., to a “neutral” rating from a “buy” rating, saying the company’s “single most important driver of revenue growth” was stalling. Mizuho Analyst […]

March 5, 2021

PayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]