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How to delete PayPal from desktop
If you’re looking to move your transactions elsewhere or simply don’t use the app anymore, you can follow these steps to delete your PayPal account.
To delete your account from desktop:
1. Click “Settings” next to “Log out”
2. Find “Account options” and select “Close your account”
3. Enter your bank account if requested
4. Click “Close Account”
To delete your account from the PayPal app on your mobile phone:
1. Click on the profile icon in the top left corner
2. Scroll down and find “Close your account”
3. Click “Close Account”
https://www.usatoday.com/story/tech/2022/10/10/how-to-delete-paypal-account/8237921001/
Ebay, Venmo, and PayPal are now closed and deleted. Anyone else trying to stop people from using their voices?
The PayPal misinformation policy story is going viral around major news outlets. The story includes instruction on how to delete your PayPal account.
PayPal's attempt at communist policy, is both insane, and scary.
Paypal has shown it's true colors. It's a dangerous company, and should be avoided.
#DeletePayPal
Here is an alternative app other then PayPal or Venmo to send & receive money. https://news.gab.com/2022/10/gabpay-the-paypal-alternative/
I would not cover this. Truth social is taking over everything.
$PYPL called this for short play yesterday at $85.00. I’m shorting this down to at least $40.00
PayPal owns Venmo. They purchased it almost ten years ago.
Bro dodging a trap to just fall into another is something I can't stand by and just watch. Here is a bit of DD that might help https://en.wikipedia.org/wiki/Venmo
"Yup, agreed. It’s an easy short from here. Bye bye PayPal and hello Venmo for me"
Paypal & Venmo are run by the same commies..
"Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2012. Venmo was aimed at friends and family who wish to split bills, e.g. for movies, dinner, rent, or event tickets etc. Account holders can transfer funds to others via a mobile phone app; both the sender and receiver must live in the United States. In 2021 The company handled $230 billion in transactions and generated $850 million in revenue."
Time to move on and help Mike plan Jan 6 2023
Yup, agreed. It’s an easy short from here. Bye bye PayPal and hello Venmo for me
$PYPL easy safe short play from $85.00 level
Boy, I’ll tell you what are these jokers running this PayPal pal corrupt or what. Do it my way or the highway they say well I’ll take my money and take the highway and watch this garbage crash all the way down to the boneyard.
THESE WOKE CRIMINALS WILL CHANGE THEIR TERM OF SERVICE TO SIMPLY SAY THEY CAN STEAL $2,500 ANY TIME THEY WANT FOR ANY REASON!!!!!!!!!!
NOBODY SHOULD USE PAYAPL EVER AGAIN!!!!!!!!
CLOSE YOUR ACCOUNT BEFORE IT HAS AN ERRONEOUS $2,500 DEBIT!!!!!!!!!!
SHORTS ARE UP 6% TODAY LOLOLOLOLOL
I THINK THEY CAN DROP MORE
THAT'S WHY THEY WANT TO STEAL YOUR
MONEY LOLOLOLOLOL
TAKE YOUR FUNDS OUT OF THIS SCAM AND QUIT USING THEM. THEY WILL DO IT AGAIN.
$PYPL going be best short of the week no doubt
SHORT THIS STINKING WOKE CRAP INTO OBLIVION!!!!!!!!!!!
PAYAPL IS SELF DESTRUCTING!!!!!!!!!
Closed my account. Nobody’s stealing cash from us.
@paypal, Your attempts of damage control are creating more damage.
Choice and consequences @paypal
People are tired of being LIED TO.
People need to use their voices only more or we will lose them IMO.
The people will decide your fate @paypal
Massive dumping on news PayPal attempt to go full communist, and fine people thousands of they deem them as spreading misinformation.
Probably the dumbest move I've seen a company attempt in years.
Paypal is absolute dog shit.
Big timber. Come back in few days when MAGA uses Venmo
HAHAHAHAHA TIMBERRRRRRR
Please post your short this morning
Wow. It’s all the way down to 89. Oh no
INVESTOR ALERT. GET RID OF YOUR SHARES.
YOU WILL LOSE AFTER ALL THE BAD CHOICES MANAGEMENT MADE.
THEY WILL LOSE 25% OF THE USERS EASILY. NO ONE WANTS TO RISK HAVING THEIR MONEY ROBBED
IT DIDN'T MATTER WHEN THEY UNDID
THE SOCIALIST CREDIT SCORE. THEY WILL DO IT AGAIN BECAUSE THIS WAS JUST A DRILL.
NOBODY WILL TRUST THIS WORTHLESS COMPANY AND THEIR PROFITS WILL CRUMBLE
ANYONE WANT TO MAKE MONEY? GO
SHORT ON THIS. TONS OF PEOPLE CANCELLED THIS TRASH BUSINESS OVER THE WEEKEND.
IT'S VIRAL ALL OVER
I HAD TO WAIT IN LINE IN WHILE CALLING TO CANCEL
HAHAHAHA IT'S GOING TO BE FUN WATCHING
Just cancelled my PayPal account. Thinking the next step, is to short this dog shit company.
They tried and got insane blowback. The fact they tried is what will bring them down. It's epic mismanagement.
Why because they didn’t implement the policy? Said it was an error?
Except it isn't anything like that. This is far more serious and egregious move by the company.
I agree. I use Venmo. This is dead
Come back in few days. Its like MAGA cancelled Nike after Colin ad
This is trading way too high above its 52 week low. The hedge funds started bottom fishing on it & market makers let it get all the way back up to these levels. Such B/S. This is going down big this week F pay pal nobody I know has ever asked me to send them money via pay pal.
Yea....just "slipped in". It wasn't in error. Policies like that don't get made in error. This is going down hard.
Nah… they corrected it and said policy was in error
Let me guess you like Venmo?
How do you send money overseas?
Nobody I know uses pay pal. There are so many better alternatives.
PayPal earnings packed in much more than just numbers
Last Updated: Aug. 2, 2022 at 8:21 p.m. ET
https://www.marketwatch.com/story/paypal-stock-jumps-9-as-company-confirms-elliott-stake-and-names-ea-exec-as-new-cfo-amid-earnings-beat-11659471602?siteid=yhoof2
By Emily Bary
Company confirms Elliott investment while announcing new CFO and cost-cutting plan
After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company.
Additionally, the company topped expectations with its second-quarter financial results while delivering a mixed update on guidance for the full year.
“We are well underway in a deep transformation of our business to regain momentum,” Chief Executive Dan Schulman said on the company’s earnings call.
PayPal shares PYPL, +1.20% jumped 11% in after-hours trading Tuesday, after rocketing to their best day in two years last week amid reports that Elliott had taken a stake in the business. Elliott confirmed the involvement in Tuesday’s report, just as the activist investor did Monday afternoon with struggling Pinterest Inc. PINS, +11.61% as it reported earnings
“As one of PayPal’s largest investors, with an approximately $2 billion investment, Elliott strongly believes in the value proposition at PayPal,” Elliott Managing Partner Jesse Cohn said in a statement included in PayPal’s release. “PayPal has an unmatched and industry-leading footprint across its payments businesses and a right to win over the near and long term.”
He added that PayPal’s report “highlights a number of steps that have been underway and are being initiated to help realize the significant value opportunity” in the business.
Schulman shared on PayPal’s earnings call that his team and the Elliott team were “completely aligned in our mutual goal to maximize shareholder value and we are substantially aligned on the areas of focus for achieving our objectives.”
The company is bringing on former Electronic Arts Inc. EA, -1.51% Chief Financial Officer Blake Jorgensen to serve in the same role at PayPal. He replaces John Rainey, who stepped down earlier this year to become Walmart Inc.’s WMT, +0.11% CFO.
Even before Jorgensen joins the company Wednesday, PayPal executives announced a variety of financial initiatives including a new $15 billion share-repurchase authorization and cost-savings program that they expect will deliver $900 million in savings this fiscal year and $1.3 billion in savings next year. The executives are targeting operating margin expansion for 2023.
The leadership team will be getting an additional shakeup in the months to come as PayPal announced that Chief Product Officer Mark Britto plans to retire at the end of the year, and a search for his replacement is ongoing.
“Bottom line, these developments should address (at least for now) many investor concerns over execution and strategic direction,” Wedbush analyst Moshe Katri said in an email.
The latest moves are all “positives,” according to Mizuho analyst Dan Dolev, who said that PayPal’s “cost basis was way too high, and it needed to return capital to shareholders.”
A key question headed into PayPal’s report was whether the company would again lower revenue guidance for the full year after a string of cuts earlier this year. Executives ended up reducing their forecast and now model roughly 10% growth on a spot basis, versus a prior outlook for 11% to 13% growth. They also model approximately 11% growth on a currency-neutral basis, which is at the low end of the company’s previous range.
“Given today’s environment, we think it’s important to be conservative,” Interim Chief Financial Officer Gabrielle Rabinovitch said on the call.
Executives also anticipate about $3.87 to $3.97 in adjusted EPS for the full year. The company’s previous forecast called for $3.81 to $3.93 in adjusted EPS.
One analyst commented on the call that the magnitude of PayPal’s cost-savings targets was more than he’d expected, but Schulman maintained that the company would continue to invest in the business.
“We were doing 100 things,” he said. “We’re now doing three or four things extremely well.”
Throughout the call, Schulman offered other signs of the company’s new priorities. While the company rolled out a QR code program two years back that was aimed at opening up in-store opportunities, he acknowledged Tuesday that it was “more impactful” and “less expensive” to try to get a bigger crack of online spending by having users pay with PayPal-linked cards.
Additionally, though executives were planning to invest in new features like stock trading this year, they’ve “reallocated [that] headcount into checkout,” which is PayPal’s core business.
For the latest quarter, the company posted a net loss of $341 million, or 29 cents a share, whereas it logged net income of $1.18 billion, or $1.00 a share, in the year-earlier quarter. The loss in the latest quarter reflected negative impacts from strategic-investment losses and a tax charge related to acquired intellectual property.
On an adjusted basis, PayPal earned 93 cents a share, down from $1.15 a share a year earlier but above the FactSet consensus, which was for 87 cents a share.
PayPal’s revenue climbed to $6.81 billion from $6.24 billion, while analysts had been modeling $6.78 billion.
The company generated $339.8 billion in total payments volume, or the value of transactions processed through its platform, up from $311.0 billion in the year-earlier quarter. Analysts were expecting $342.8 billion in TPV.
PayPal had 429 million active accounts as of the second quarter, essentially flat with its first-quarter total but up from 403 million active accounts in the second quarter of 2021. Executives said earlier this year that they would become less focused on absolute user growth as they looked to better monetize PayPal’s higher-value users.
For the third quarter, PayPal’s management team expects net revenue growth of 10%, or 12% on a currency-neutral basis. The projection would equate to about $6.80 billion, whereas analysts tracked by FactSet were looking for $6.78 billion.
PayPal executives also expect 94 cents to 96 cents in adjusted earnings per share for the third quarter, while analysts had been anticipating 95 cents.
PayPal reveals $2 billion stake held by Elliott, announces new CFO
4:16 PM ET, 08/02/2022 - Reuters
Aug 2 (Reuters) - PayPal Holdings said on Tuesday Elliott Investment Management has an over $2 billion investment in the company, making the activist investor one of the largest shareholders in the fintech firm.
The company also announced a slew of moves including appointing Blake Jorgensen as Paypal's new chief financial officer and a new $15 billion repurchase program. Blake, who takes over the role on Wednesday, joins PayPal from Electronic Arts.
PayPal has "an unmatched and industry-leading footprint across its payments businesses," said Jesse Cohn, a managing partner at Elliot, a day after the investment firm disclosed a similar stake in Pinterest Inc.
The company earned an adjusted profit of 93 cents for the three months ended June 30, compared with $1.15 per share a year earlier. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra Eluri)
We may still go lower. It's hard to find a bottom but Paypal is still the leader in their space and have stretched into Crypto so I feel this is a buyers opportunity. Buy now and in a year or so you will hopefully be happy.
Dump part is on!!
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