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PayPal Shares Sink Despite Upbeat Outlook. Is Wall Street Missing the Turnaround?
PayPal Holdings (NASDAQ: PYPL) shares sank despite the company reporting strong second-quarter results on July 29 and issuing an upbeat outlook, as it continues its efforts to transform its business. The stock in down more than 19% year to date, as of this writing.This raises the question: Is the market missing a turnaround that appears to be happening right in front of its eyes? Let's dig into its second-quarter results to find out.Chief Executive Officer Alex Chriss continues to work to transform PayPal from a simple payment platform into a full-fledged commerce platform. It's doing this both in old-school ways as well as leveraging new technologies such as artificial intelligence (AI).Continue readingWeiter zum vollständigen Artikel bei MotleyFool