2023-09-01 05:20:00 ET
Digital payments giants PayPal (NASDAQ: PYPL) and Block (NYSE: SQ) , as well as their European peer Adyen (OTC: ADYE.Y) all captured headlines this summer. As the economy slows this year, competition among a crowded field of digital payments companies -- which has been leading to slimmer profit margins as they duke it out for customers -- has been the story. Stock prices for all three got punished by jittery investors, even as the S&P 500 index has been rallying.
Data by YCharts .
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The Digital Payments War Heats Up: 1 Small-Cap Stock Worth a Look Right Now