PayPal, under new CEO Alex Chriss, reports Q2 revenue increase, focusing on user experience and clarifying strategy amid competition.

PayPal, under new CEO Alex Chriss, is focusing on user experience and clarifying its strategy amid competition. In Q2, the company reported a 9% revenue increase and an 11% rise in total payment volume, with 429 million active users. Profitability is improving, though some investors may seek more stable options like Visa. The Motley Fool suggests holding PayPal stock for potential long-term growth, despite a 76% stock decline, indicating a possible buying opportunity.

September 14, 2024
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