2024-02-08 16:38:40 ET
Not much is going right for PayPal (NASDAQ: PYPL) these days.
It's losing market share to competitors like Apple . Its payment volume is shifting to lower-margin channels like Braintree, and it continues to lose customers, even as it competes in a growth industry: digital payments.
Investors were reminded of all of those problems when the fintech giant reported fourth-quarter earnings on Wednesday, and they didn't like what they heard. PayPal stock was trading down 10% as of 2:26 p.m. ET for the week, according to data from S&P Global Market Intelligence .
For further details see:
Why PayPal Stock Was Moving in the Wrong Direction Again This Week