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[$$] PayPal Profit Up on Higher Usage
Despite beating estimates, shares in PayPal fell more than 3% in aftermarket trading. Total payment volume rose 29% to $139.4 billion while the number of active PayPal accounts rose 15% to 244 million. In recent months, PayPal announced a number of initiatives to help turn Venmo into a moneymaker, including an integration with Uber Technologies Inc. and the launch of a Venmo debit card that will let users spend their balances offline.
https://finance.yahoo.com/m/de17c8c...04dcb/[$$]-paypal-profit-up-on.html?.tsrc=rss
Despite beating estimates, shares in PayPal fell more than 3% in aftermarket trading. Total payment volume rose 29% to $139.4 billion while the number of active PayPal accounts rose 15% to 244 million. In recent months, PayPal announced a number of initiatives to help turn Venmo into a moneymaker, including an integration with Uber Technologies Inc. and the launch of a Venmo debit card that will let users spend their balances offline.
https://finance.yahoo.com/m/de17c8c...04dcb/[$$]-paypal-profit-up-on.html?.tsrc=rss
