In 2022, PayPal (NASDAQ: PYPL) processed just under $1.4 trillion in total payment volume, good for a 9% year-over-year increase. Despite what appear to be very favorable trends from this digital payments pioneer, especially during uncertain economic times, I'm in no hurry to buy the stock right now. Higher inflation is hurting the spending ability of consumers, and PayPal feels this pain directly. Read More...
In 2022, PayPal (NASDAQ: PYPL) processed just under $1.4 trillion in total payment volume, good for a 9% year-over-year increase. Despite what appear to be very favorable trends from this digital payments pioneer, especially during uncertain economic times, I’m in no hurry to buy the stock right now. Higher inflation is hurting the spending ability of consumers, and PayPal feels this pain directly.
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