“PayPal Holdings Inc (PYPL.O) shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc’s (EBAY.O) fold, valuing the digital payment processor at about $52 billion. PayPal is a giant in the market it helped create – it processed 4 billion payments tootling about $235 billion in 2014. But the online payments landscape has changed drastically since the company was snapped up by eBay in 2002. PayPal shares soared to $42.55 in early trading. Wall Street analysts were overwhelmingly bullish on the stock. Nine of the 11 starting coverage on the stock have a ‘buy’ or similar rating.”
http://www.reuters.com/article/2015/07/20/us-paypal-hldg-debut-idUSKCN0PU1DF20150720
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
NATO kills four children in Afghan East: Karzai
Police on Alert As Merkel to Visit Greece
If Apple Did What eBay Just Did, They'd Have A $44 Billion Tax Bill
Woman Wants Possessions Back After Bank Repossessed Wrong House
Russia cuts Treasury holdings in half as foreigners lose appetite for US debt
Fake gold bars hit NYC
Gold price falls fuel 'record' bullion sales at UK's biggest internet gold dealer
U.S. now has most Spanish speakers outside Mexico
Feds sending free mobile phones to dead people: congressman
'Halal' internet means more control in Iran after unrest
Bank of England warns of a bubble as UK house prices rise 10.5%
JPMorgan Said to Have No Plans for Currency Challenging Bitcoin
Money fund loses 0.3% of clients’ money to bailed-out African Bank
Documents burn as Trump escalates Russia conflict, ordering SF consulate vacated
Defense contractor accused of espionage had worked in deterrence at US Pacific Command