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Is it game over for Paypal?

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JP_mykayaplus wrote a column · Mar 28, 2023 09:52
$PayPal(PYPL.US)$ used to be a darling stock.
If you invested in Paypal 5 years ago, by 2021 you would have gained 300% of capital gains.
However, if you continued to hold it until today, it would have been shockingly at a -1.49%
Source: Google Finance
Source: Google Finance
So what went wrong with Paypal?
Presumably, it tanked together with other tech stocks.
But plenty of tech stocks have rebounded, you may argue.
Then there was $Block(SQ.US)$ being attacked by short-seller Hindenburg Research.
Although not specifically targeted, Paypal bore the brunt together with SQ albeit at a lower rate.
It is still a payment solution stock with a 42% market share
As of September 2022. Source: Statista
As of September 2022. Source: Statista
Do you think Paypal is cheap?
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