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Is a PayPal Turnaround on the Horizon?

The fintech leader still faces plenty of near-term and long-term challenges.PayPal (PYPL +1.97%), the digital payments giant that was spun off from eBay (EBAY 3.03%) a decade ago, was once an impressive growth stock. It started trading at 41.63onitsfirstdayandsoared64141.63 on its first day and soared 641% to a record high of 308.53 on July 23, 2021.At the time, PayPal dazzled the market with its robust growth rates during the pandemic and ambitious expansion plans. The buying frenzy in meme and growth stocks -- fueled by low interest ...