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Stock impact report

PayPal transformed digital payments. Why the California fintech giant is now struggling [Los Angeles Times (CA)]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
The fintech giant installed a new CEO in March after ousting its previous leader, with the company's stock falling more than 20% this year. PayPal, once the cutting-edge trailblazer of digital payments, is struggling to cash in on consumer clicks like it used to. The San José fintech giant is losing market share to competitors and had to swap out its leadership recently as its shares plunged, and it scrambled for a faster fix. When online shoppers reach the checkout screen, they're not clicking on the PayPal button to buy items as much as they did in the past. People have payment options from Apple, Google and others, some of which are easier to use on their smartphones. A slowdown in PayPal's branded checkout is at the core of the company's biggest challenges, analysts and company executives said. In February, PayPal let go of its chief executive, who had been working to fix the problem, but the company said his “pace of change and execution” over two years didn't meet the Show less Read more
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