PayPal Holdings (NASDAQ: PYPL) stock shot up 10% in August according to data provided by S&P Global Market Intelligence. The market liked its second-quarter update and finally sees a path forward.

PayPal was one of the biggest success stories of the pandemic, but it wasn't able to hold on to its lead coming out on the other side. That's not an unusual tale, and many companies are still struggling with the fallout of uneven growth precipitated by a global pandemic.

What marks PayPal's story is that it's a global fintech leader, and many new upstarts sprouted to address the growing needs of digitally connected shoppers. It didn't look like PayPal was keeping up, and it was in danger of losing ground to competitors.

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Source Fool.com