Buying PayPal Stock Could Be the Smartest Investment You Ever Make
It's no news to anyone that these are trying times for many companies. As the COVID-19 pandemic continues, industries such as tourism and travel have been particularly hard hit by border closures, restrictions, and a general desire by people to avoid unnecessary risks of exposure. However, great opportunities can also arise from crises.
For example, social distancing has contributed a strong tailwind to the transition of business and consumer activity into the online universe, which has, in turn, driven a boom for technology stocks.
Among those accelerating trends are the shifts toward digital payments and e-commerce, and Paypal (NASDAQ: PYPL) is a key beneficiary of those changes. The company has acted as an intermediary between consumers and corporations since 2000, and its platform boasted 346 million active accounts at the end of the second quarter.
Source Fool.com
