During the pandemic PayPal thrived and its annual revenue increased from $17.5B in 2019 to $25B in 2021. After the end of pandemic, people started to go out and use more cash for purchases. Also its long term agreement with eBay ended in 2020. These factors led to its share price decline from $290 in September 2021 to $75.
Although the company is still financially strong with market capitalisation of $84B and EBITDA of $5B, it’s uncertain if it can keep growing, particularly that its long time CEO is going to retire by end of 2023.
What do you think?
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