PayPal (NASDAQ: PYPL) was a huge winner after it was spun off from eBay in July 2015. From that point up until its peak price in July 2021, the shares skyrocketed 740% as the company rapidly expanded.
But slower revenue and user gains, coupled with a general wariness of growth-oriented and tech-focused businesses, have sent the fintech stock cratering. It currently sits about 80% below its peak price.
I'm sure that hasn't prevented the company's most bullish supporters from hoping there are better days ahead. With that said, is PayPal a millionaire maker?
Source Fool.com