Since Going Public in 2015, PayPal Has Spent $19 Billion on This 1 Thing
Since going public in 2015, financial technology (fintech) company PayPal Holdings (NASDAQ: PYPL) has generated tens of billions of dollars in profits. Where'd it all go?
It's not only important to know how a company makes money -- it's also important to know how that money is spent. In this article, I'll take a big picture view of PayPal's profits and capital allocation before explaining why I believe shareholders can hope for better returns moving forward.
Since going public, PayPal has spent over $19 billion repurchasing its own shares.
Source Fool.com