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Why PayPal Stock Climbed 116% in 2020

TheMotleyFool

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Shares of PayPal Holdings (NASDAQ: PYPL) delivered a return of 116% last year, according to data provided by S&P Global Market Intelligence.

The stock price initially plunged in March at the onset of the pandemic, but as people increasingly turned to using digital payments, engagement across PayPal's core platform and its Venmo peer-to-peer payment app accelerated, and investors took notice.

Image source: Getty Images.

Source Fool.com

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