Ca$htag$: PayPal (PYPL) Main Business Struggling, Venmo ‘Bright Spot’
Schwab Network · Schwab Network
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Show Notes
Likefolio’s Landon Swan discusses PayPal (PYPL) consumer sentiment data. “Compared to competitors, it’s not great,” he says, noting holiday spending was down. However, their subsidiary Venmo continues to grow, creating a bright spot. “The main business is struggling, it’s not doing great despite some solid efforts,” he continues. Rival Shopify (SHOP) is far ahead of them, Landon argues.
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