Growth stocks were slammed throughout most of the week. This caused the Nasdaq to rise a total of 2% for the week. Three tech stocks' earnings reports from last week that are worth taking a closer look at are Activision Blizzard (NASDAQ: ATVI), PayPal Holdings (NASDAQ: PYPL), and Datadog (NASDAQ: DDOG).
The fintech market includes digital-payment platforms, online banking and wealth management services, and some cryptocurrency trading platforms. Businesses are also starting to recognize the value of streamlining their payment services, integrating those tools into their mobile apps, and using analytics to track customer purchases and trends. Allied Market Research expects the global mobile payment market to expand at a whopping compound annual growth rate (CAGR) of 30.1% between 2020 and 2027 to become a $12.06 trillion market.
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