PayPal has to pay a $2 million settlement over a data breach from 2022 and ensure MFA for logins of all US customers.
It's almost impossible to predict whether a stock can turn investors into millionaires one day. However, PayPal's durable growth and competitive strengths certainly resemble traits of a high-quality business. It's also very profitable, with an operating margin in the high teen percentages.
A major payment pioneer embraces stablecoins, transforming cross-border transfers and reshaping the future of finance.
Analysts expect its revenue and GAAP EPS to have grown 6% and 4%, respectively, in 2024. For 2025, they expect its revenue and GAAP EPS to rise 6% and 17%, respectively, as the macroeconomic environment improves and it expands its ecosystem. That stable growth indicates it can keep growing over the long term without eBay's support.
Payment apps are now required to send payment information to the IRS. If you use these apps you may owe taxes this year.
After navigating a challenging period, PayPal (NASDAQ: PYPL) is positioning itself for a comeback under the leadership of CEO Alex Chriss, who took over the top job in 2023 with a renewed focus on innovation and serving small businesses.
According to a consent order, PayPal discovered the problem after a security analyst on Dec. 6, 2022 read an online message.
PayPal Holdings Inc. will pay $2 million to settle claims that it mishandled an update to its tax-reporting protocols to comply with federal pandemic-era requirements and exposed customers’ Social Security numbers,
President Donald Trump wants his administration to have an action plan for artificial intelligence ready within 180 days. On Thursday, the president signed an executive order calling for the US "to sustain and enhance America's global AI dominance.
PayPal's stock has gained over 40% in six months, but long-term technicals and fundamentals indicate potential overvaluation and weakness. Read more here.
Reid Hoffman, the co-founder of LinkedIn and a member of the 'PayPal Mafia,' has been deeply involved in Silicon Valley's technological advancements. He remains optimistic about AI's potential despite widespread concerns.
New York State has announced a $2,000,000 settlement with PayPal over charges it failed to comply with the state's cybersecurity regulations, leading to a 2022 data breach.