I know this is for layoffs but just curious if anyone else is buying the stock? I got a few hundred shares this morning because it seems to have reached an all time low. I think we have good products and I can’t figure out why it’s dropped so much. I’m wondering what other people are thinking? Maybe I’m completely wrong and this stock just keeps dropping but I thought Enrique was hired to raise the share price. We lost enough value under Mr. Shock the World.
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Enrique Lores and Jamie Miller act like they have no fiduciary duty as management of PayPal. It’s really that simple. I’m pretty sure any other company with cash or means of obtaining debt would be buying their shares at an all time low. I mean this company is worth less than its IPO 10 years ago. The Board and management have failed everyone including us employees. We need massive layoffs now to please Wall Street when many should’ve been working on innovation and product development. It’s basically been product support.
Sandbagging to cannabalize the company for next 3 years and then math takes over?
Those who tell you it is NOT a bargain at this price are those who got shares at much higher price and suffered huge losses. We have to be objective and past losses and feelings don't have a say in this matter.
@c6 the world is in a debt crisis and it appears a bond crisis. Stocks are not going to make meaningful gains anytime soon. You are better off buying commodities like gold and silver and holding for 5 or more years
Well done for buying and seeing value when other don't see it. You will prove them wrong in the long run. Sentiment can influence price for a long time but there will be a day where the maths just win. Just be there for the long term, at this price you have limited downside.
PYPL is a classic cliff stock pattern. Unlikely to ever recover. Other examples: RIVN, SNAP, ROKU, PTON. On Wall Street we call this long flat period "dead money". It takes companies many many years to escape it. Enrique is going through the playbook to get out of it, but with AI hogging up all the attention and various other requirements and factors, I doubt it will be any time soon.
Lord help us. Enrique might be the d-mbest CEO on Wall Street. Our company is trading at 6 times PE. I’ve seen meme stocks get more respect. We’ve become an absolute joke in the fintech world.
@aq the just absolutely destroyed this company from neglect. Factoring buybacks, this stock is way lower from its IPO. Management just sits on its a-s and does nothing. I think you’re also neglecting to mention the CFO and every time she publicly speaks the stock just tanks. I mean literally drops. It’s hilarious.
The stock is definitely a bargain at this price as long as our profits don't shrink. If profits just stagnate or we see small growth for another 2 to 3 years and we keep buying back shares at the same pace, the share price will go back up. 80$ in 3 years???
I will never buy PayPal stock. Every product offering is either me too or not enough.
How do you put faith in Enrique? You cite Alex briefly in your post. You do realize Enrique hired Alex.
They are prepping to sell parts, dump people that often matter, keep VP+ that don’t matter (why is Isabel and her army of VPs still employed?) and will continue doing the minimal which will not move the needle.
At this point it appears they are tanking the stock on purpose.