Could Buying PayPal Stock Today Set You Up for Life?
There is a lot to like for a stock that's declined 80% from its high.
Financial technology, or fintech, is about innovating and finding new ways to move money between people and businesses. PayPal (NASDAQ: PYPL) is the original fintech stock. It's been around since 2000, and it survived the infamous dot-com bubble. It's known today for its namesake digital and mobile payments network and Venmo, its peer-to-peer payments app.
Unfortunately, PayPal isn't hot anymore. The business went stale, and the stock is down almost 80% from its high in 2021. PayPal's new CEO, Alex Chriss, hopes to teach an old company some new tricks that will revive the brand and stock.
Can buying PayPal today set you up for life, or has this fintech stock seen its best days?
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