PayPal CEO Alex Chriss Just Gave Investors Amazing News

The market hasn't been treating PayPal Holdings (NASDAQ: PYPL) shareholders very well over the past few years. It's not unwarranted, of course; PayPal has been struggling with a number of issues, from growing competition to slowing growth and declining profits. It's like a dinosaur effect in action, and PayPal stock is reflecting that fact. It's 77% off its highs.The company's newish CEO, Alex Chriss, has made several changes, and the business is reflecting new developments. The turnaround isn't over yet, but it looks like it's on the way. And shareholders just got excellent news from Chriss.PayPal is one of the largest payment processors in the world, processing $1.7 trillion in total payment volume over the trailing 12 months. It has 434 million active accounts, which include both the consumer and merchant side, and more than 200 million people engage with it on a monthly basis. It's still a dominating force in digital payments and commerce, which is why it's been urgent to fix its problems.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool