Top 5 Losers of 2022: PayPal
PayPal stocks lost 64% in 2022 amid general market correction. However, the service has strong fundamentals as it is the most popular tool for online transactions in the United States. Revenues rose significantly after lockdowns were set in the U.S. The Q3 2022 revenues rose by 11% year-on-year to $6.85 billion, while the number of transactions was up by 9% YoY to $337 billion. The company generated $1.788 billion of free cash flow, up by 37% YoY. All these achievements were made during the time of great uncertainties.
PayPal, which has Google Pay and Apple Pay as its peers, reacted negatively to the emergence of Early Warning Services, a fintech company that announced the launch of its own digital wallet to get its share of online payments. This service is supported by Wells Fargo, the Bank of America, JPMorgan, and some other American financial giants, which means a real threat for PayPal has been created, despite its solid market positions now.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
