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PayPal Sees Payments Slowdown Amid Consumer Selectivity
Summary by sharecafe.com.au
1 Articles
1 Articles
PayPal Sees Payments Slowdown Amid Consumer Selectivity
PayPal (PYPL.O) has reported a slowdown in payments activity during September, a trend that has continued into October. CFO Jamie Miller noted on a call with analysts that consumers in both the U.S. and Europe are becoming more selective with their purchases. This observation tempered an initial surge in the company’s shares, which had jumped 17% following the announcement of a partnership with OpenAI and surprisingly strong results. PayPal is a…
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