After a backlash, payments platform PayPal withdrew a policy change. Jefferies analysts say the protest hasn't seemed to gain much traction. Read More...
Motley Fool
Why Shares of PayPal Are Rising Today
Shares of the large payments firm PayPal (NASDAQ: PYPL) traded about 1.15% higher as of 3 p.m. ET after a Wall Street analyst said he thinks the stock has been oversold. The harsh, rising interest-rate environment and the bleak economic outlook have crushed tech stocks this year, and PayPal has not been spared, with its stock down more than 56% this year. Shortly after, PayPal withdrew the language and said it had made a mistake, but shares are down more than 9% this week after a #DeletePayPal hashtag started trending on Twitter.
