PayPal Holding Inc’s share price has plummeted 65% over the year, from a high of $300 a year ago to roughly $100 presently. Year to date, the company is the 7th worst performance on the S&P500.
Source: TradingView
So, what happened?
With the firm announcing its Q2 earnings and full-year projections, let’s see what transpired and whether PayPal is a good buy at the current price or a value trap.
PayPal’s business
PayPal is a global platform that facilitates digital payments and streamlines commerce experiences for companies and customers. In a nutshell, it enables merchants and consumers to connect, interact, and complete payments, whether online or in person.
PayPal is much more than just a channel to third-party payment networks. The company has grown its services by leveraging its network.
For merchants, PayPal offers credit solutions, provides fraud prevention and risk management solutions, help reduces losses through proprietary protection programs, and offers tools and insights...