A major payment pioneer embraces stablecoins, transforming cross-border transfers and reshaping the future of finance.
President Donald Trump signed an executive order on AI development on Thursday.Trump's AI and crypto czar, David Sacks, said the US wants to become the world's AI capital.Earlier this week, Trump announced Stargate,
PayPal Holdings Inc. will pay $2 million to settle claims that it mishandled an update to its tax-reporting protocols to comply with federal pandemic-era requirements and exposed customers’ Social Security numbers,
Piper Sandler raised the firm’s price target on PayPal (PYPL) to $93 from $88 and keeps a Neutral rating on the shares. The firm believes that
Korean VPN supply chain attack, PayPal settles with New York for $2 million, trojanized RAT builder targets script kiddies.
During the three-month period that ended Sept. 30, 2024, PayPal handled a whopping $423 billion in total payment volume. That figure was up 9% year over year and 136% higher than in the third quarter (Q3) of 2019. What's more, revenue in the past five years has climbed at a 12.4% annualized clip. PayPal is clearly still growing nicely.
The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks — both on compliance and security — banks face.
PayPal, Inc., one of the world’s leading financial technology firms, has agreed to pay a $2 million penalty to New York State following a cybersecurity breach that exposed sensitive customer information, including Social Security numbers.
PayPal Chief Product Officer John Kim has entered into a separation agreement with the company and plans to leave his position on March 31, according to a filing with Securities and Exchange Commission on Wednesday.
However, PayPal's stock still looks rather cheap by most metrics, and that's especially true considering how much progress the new management team has already made. With the company expected to report its year-end 2024 results on Feb. 4, now could be a great time to take a closer look.
Analysts expect its revenue and GAAP EPS to have grown 6% and 4%, respectively, in 2024. For 2025, they expect its revenue and GAAP EPS to rise 6% and 17%, respectively, as the macroeconomic environment improves and it expands its ecosystem. That stable growth indicates it can keep growing over the long term without eBay's support.
TD Cowen raised the firm’s price target on PayPal (PYPL) to $90 from $78 and keeps a Hold rating on the shares. The firm said the continuation