Businesses like Adyen, Block, and Upstart Holdings have gotten crushed as higher interest rates and the expectation of slower economic growth squeeze valuation multiples and damp the previously rosy outlooks for these enterprises. PayPal Holdings (NASDAQ: PYPL), perhaps the leader in the fintech industry, hasn't been spared. Plus, with inflation still soaring according to June's consumer price index number, I'm worried that PayPal's business will continue to be negatively impacted. Read More...
Businesses like Adyen, Block, and Upstart Holdings have gotten crushed as higher interest rates and the expectation of slower economic growth squeeze valuation multiples and damp the previously rosy outlooks for these enterprises. PayPal Holdings (NASDAQ: PYPL), perhaps the leader in the fintech industry, hasn’t been spared. Plus, with inflation still soaring according to June’s consumer price index number, I’m worried that PayPal’s business will continue to be negatively impacted.
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