PayPal – The US payment service beats expectations, but the stock market eyes a potential takeover bid!
Reading Time: 3 minutes
PayPal exceeds expectations – earnings per share $1.38 instead of $1.28, forecast raised. However, the stock market seems uninterested, focusing instead on a potential bid from Stripe and Advent, which recently drove the stock price up by 17%. The core business is only slowly stabilizing against Apple Pay and others. As long as the deal remains open, the stock follows rumors rather than numbers. The numbers hardly matter Not PayPal's quarterly report is currently at the forefront, but rather what looms alongside: a possible sale of the company....
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