PayPal (for investors more like PainPal) reported very poor numbers and the stock plunged by roughly 20% yesterday. I think the company will have a very hard time now and won’t erase this loss easily. I don’t own the shares, because I’ve seen it as a speculation from the start and I don’t see any vision or solid fundamentals.
Do you think $PYPL will ever pull itself out of this...
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Why would a company without a meaningful moat be a good investment? $PYPL didn’t make sense at $60 and doesn’t make sense at $40 either, unless its business model shifts into the 21st century.