$PayPal(PYPL.US)$ stock gains 1.6% in premarket trading after CEO Dan Schulman said the company's "Buy Now, Pay Later" option surged almost 400% Y/Y on Black Friday in an interview on CNBC's "Mad Money" program.
"That's been one of the stars of the holiday season for us," Schulman said after the close on Tuesday.
Keep in mind that the company has only been in BNPL for about a year or year and a half, which means the base from a year ago was very small.
"We did some 750,000 transactions alone in one day on Black Friday," he told Jim Cramer referring to the Friday after Thanksgiving. And the company had more than $1B of process volume through its BNPL option in November. "We did over 1M first-time users for the first time ever in a month," he added.
When asked if PayPal is a "second fiddle" in BNPL, Schulman said the company has grown to one of the top three or four BNPL players in the world.
He also said the company is on track for 55M net new actives.
BNPL rival $Affirm Holdings(AFRM.US)$ rises 1.6% in premarket. $Block(SQ.US)$, which is buying BNPL firm $Afterpay Ltd.(AFTPF.US)$, rises 0.6%. $MasterCard(MA.US)$ gains 1.8% and $Visa(V.US)$ is up 1.4%; both are involved in BNPL.
In the past year, PayPal's stock decline of 14% contrasts with Square's 1.3% decline, Affirm's 159% surge, and the S&P 500's 28% increase as seen in the graph below.
Previously (Nov. 28), Affirm Holdings and $Adyen N.V. Unsponsored ADR(ADYEY.US)$ stocks extend gains as PayPal, Visa, other peers slip.

$Grab Holdings(GRAB.US)$ Grab and GoTo should be very concerned with how easily SE was haul in $6.5B offering without much discount. $Altimeter Growth Corp(AGC.US)$

$Tesla(TSLA.US)$ Sure go buy a new car when you are struggling with higher gas and food prices. Buttigieg is such an elitist moron.

$Twitter (Delisted)(TWTR.US)$ Another rule Twitter can choose to enforce or not enforce at its discretion.

$Apple(AAPL.US)$ is reportedly getting ready to unveil the third-generation of its iPhone SE in the first quarter of 2022, Taiwanese research firm TrendForce says.
Apple shares are up 1.6% to $162.76 on the day, bucking the decline in the broader equity markets.
The third-generation iPhone SE is likely to be a "major instrument" for the tech giant to establish a presence for mid-range 5G smartphones, TrendForce added.
Apple and its manufacturing partners are expected to produce between 25 million and 30 million units of the iPhone SE.
In addition to the new iPhone SE, Apple will unveil four iPhone models in the second half of 2022, TrendForce says, similar to what it has done in the past several years, after having continued success with the iPad in recent months.
The current iPhone SE, which starts at $399, is available in 64GB or 128GB storage models and has a 4.7-inch display. It also has Apple's A13 Bionic chip, Touch ID home button, a 12 MP back camera and a 7 MP front camera.

$General Motors(GM.US)$ I happen to be long GM; I think Barra is the goods. However, much of Barra's success to date has involved restructuring "old" GM; she's got GM 'out' of Europe, for example. The plan to transition to BEVs, to leverage autonomy, and to otherwise become more of a 'platform' company is loaded with execution risk, though. Note, GM originally wanted to launch its robo taxi biz in 2019.
All in, I am happy to stick around for the ride. There is nothing wrong with a CEO aiming high. In fact, I think the auto industry is so subject to disruption, that CEOs have little choice but to innovate or die. I acknowledge the risks in owning GM, but I think it stands a reasonable chance of paying off.
Best of luck to all.

$Lucid Group(LCID.US)$ Lucid apparently lies about its efficiency. It achieves its range by having a heavy battery 20kwh higher capacity than claimed. In optimal case it will survive as a niche car maker. It has no chance to compete against $Tesla(TSLA.US)$ 。

SpaceX CEO Elon Musk tweets that a lot has happened in the eight years since he sent an e-mail to employees on why he wants to keep the company private.
Of course, Musk has been able to fund $Tesla(TSLA.US)$'s growth through the public path.
If SpaceX were to go public, a few ETFs that might be a natural fit are the $Procure Space Etf(UFO.US)$, $Ishares Trust U.S. Aerospace & Defense Etf(ITA.US)$ and $ARK Innovation ETF(ARKK.US)$.
The last secondary sales by SpaceX were at $560 a share or a valuation of around $100.3B. Morgan Stanley has a bull case valuation on SpaceX of $200B.