If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
Mobile payment pioneer PayPal Holdings (NASDAQ: PYPL) has returned to earth after surging to all-time highs in the thick of the pandemic. The war on cash, which refers to the shift away from physical currency in favor of digital payments, is well under way, and PayPal is advantageously positioned to significantly benefit from the secular trend. According to Grand View Research, the global digital payment market is forecast to rise at a compound annual growth rate (CAGR) of 20.5% through 2030.
Remember when PayPal Holdings (NASDAQ: PYPL) was reportedly interested in acquiring Pinterest (NYSE: PINS) late last year? At the time, Pinterest was valued at upwards of $40 billion, so PayPal would have ended up egregiously overpaying given everything that has ensued since news of a potential deal first leaked. Pinterest is now just a $15 billion company.