Shares of PayPal Holdings (NASDAQ: PYPL) dropped 11.4% in October, according to data provided by S&P Global Market Intelligence. It feels like the downtrend will never end. As of this writing, PayPal stock is down 27% year to date after falling 63% in 2022.

Judging by the returns of the Global X FinTech ETF, it seems investors aren't keen on fintech stocks right now in general, which doesn't help PayPal stock. But PayPal's business may not be living up to its full potential, as I'll explain.

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Source Fool.com