Is PayPal Holdings a Buy After Its Latest Earnings Report?
PayPal reported a strong second-quarter earnings print.
Overview
The digital payments platform PayPal (NASDAQ:PYPL) has been in the news a lot lately, particularly after the private equity firm Advent International and the payments company Stripe made a joint $53 billion bid to acquire the company.
The bid is significant not only because of the consolidation it would represent in the payments space, but also because PayPal is considered one of the original digital payments platforms, which, during the pandemic, saw its shares hit an all-time high.
Details
Still, media reports indicate PayPal would not sell under the proposed offer. PayPal is also in the midst of a turnaround plan that continued this morning, when the company posted second-quarter earnings.
Source
Originally published at www.fool.com.