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MarketScreener Homepage  >  Equities  >  Nasdaq  >  PayPal Holdings, Inc.    PYPL

PAYPAL HOLDINGS, INC.

(PYPL)
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PayPal : Why PayPal Plans to be Part of the Libra Association

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06/18/2019 | 06:34am EDT
Today, the Libra Association announced plans for Libra, a new global currency based on blockchain technology that has the potential to empower millions of people. PayPal plans to join other leading technology and financial services companies to form the Libra Association. We believe in democratizing participation in the digital economy for people from all walks of life, and businesses of all sizes.

Like the Libra Association, PayPal has been working to use our platforms, knowledge and leadership to create better experiences for business and consumers through partnership. We have seen this approach deliver tremendous results - collaborating with banks, networks and technology companies that include Facebook, Visa, Mastercard and many others. This has resulted in more than 40 partnerships in the last 36 months, and includes numerous new product experiences, from offering consumers greater choice in terms of what payment method to use to working with issuers to allow consumers to use their reward points to pay for goods or services wherever PayPal is accepted. That's why we believe in the potential of the Libra Association's collaborative approach.

It's still very early days on this journey, but we hope to enable developers and businesses to build inclusive and affordable financial service products for people across the economic spectrum. This ecosystem will be enhanced by the Libra Blockchain, a new blockchain that is being built from the ground up to prioritize scalability, security, and reliability, as well as the flexibility required to evolve over time. The Libra Reserve, a reserve of real assets that will back the Libra currency, providing enhanced stability, low inflation, wide global acceptance, and fungibility.

We believe that our more than 20 years of payments expertise can not only contribute value to the Libra Association, but it also gives us the opportunity to work with and learn from other leading organizations. We intend to explore unique and fully compliant financial services, that have the potential to create meaningful benefit for all people: not just for the affluent or elite, but for anyone that seeks to affordably and safely manage and move their money, and improve their financial health.

PayPal looks forward to joining the Libra Association on this ambitious journey. Our customers are always at the center of how we approach new challenges and opportunities - and we will always work to do what's right for them.

Dan Schulman,President and CEO, PayPal

Disclaimer

PayPal Holdings Inc. published this content on 18 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2019 10:33:05 UTC

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Financials (USD)
Sales 2020 20 295 M - -
Net income 2020 2 041 M - -
Net cash 2020 8 646 M - -
P/E ratio 2020 100x
Yield 2020 -
Capitalization 208 B 208 B -
EV / Sales 2019
EV / Sales 2020 9,83x
Nbr of Employees 23 200
Free-Float 91,1%
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Technical analysis trends PAYPAL HOLDINGS, INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 44
Average target price 172,72 $
Last Close Price 177,28 $
Spread / Highest target 109%
Spread / Average Target -2,57%
Spread / Lowest Target -47,0%
EPS Revisions
Managers
NameTitle
Daniel H. Schulman President, Chief Executive Officer & Director
John J. Donahoe Chairman
John D. Rainey Chief Financial Officer
Sripada Shivananda Chief Technology Officer & Senior Vice President
John H. Kunze SVP-Global Consumer Product & Technology
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