Today paypal moved down from $58 to $56.5 and then CEO’s comment on CNBC lit fire, and the stock moved up and closed at $58.89, gaining $1.44. So, I listened to what the CEO has to say, key points are:
- 25% ecommerce runs through PYPL
- 25th company has innovation day
- We have done lot of acquisitions last few years and not enough focus, (meaning, expect some layoff and closing few things, etc) which wall-street loves
The key comment is We will shock the world That’s a pretty bold statement. Hope they can follow through.