Why PayPal Stock Dropped 20% in November
Shares of fintech giant PayPal Holdings (NASDAQ: PYPL) were down 20% in November according to data provided by S&P Global Market Intelligence. The third-quarter earnings report showed decelerating growth rates, and general market volatility worked against the digital payments company.
PayPal is the original peer-to-peer payments network, and between its PayPal payments, Venmo payments, and merchant business, it controls a large digital payments system that makes money from several streams.
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Source Fool.com
