39.05 -0.38 (-0.96%)
Pre-market: 7:49AM EST
|Bid||38.90 x 1100|
|Ask||38.95 x 100|
|Day's range||38.67 - 41.25|
|52-week range||13.84 - 49.56|
|PE ratio (TTM)||N/A|
|Earnings date||20 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||40.36|
At the Credit Suisse 21st Annual Technology, Media & Telecom Conference, PayPal (PYPL) chief financial officer John Rainey discussed a wide range of issues, including payment digitization. Rainey cited secular trends in the payment market to show that PayPal may have tremendous growth opportunities ahead. Rainey discussed the shift to mobile and the growing number of consumers starting their shopping trips on mobile devices.
Since e-commerce is making its space in the global economy, all the issues that were there in physical transactions are being eliminated. Visa’s (V) partnership with Square (SQ) is being looked on positively. In a conference call, Visa’s management highlighted Square’s contribution to the digital world.
Mobile payments are exploding in the restaurant industry, making it more convenient than ever to order and pay for food. Here are three of the best ways to capitalize on this trend.
Square popped 7.5% on Friday, moving above its 50-day moving average, clawing back from a sell-off that followed a Bitcoin-related run-up.
Bitcoin spiked while Ethereum pegged a new high intraday and Ripple backed off Thursday's record levels. Cryptocurrency debit card providers suspended service under orders from Visa Europe.
If Square keeps the bitcoin service running, Credit Suisse estimates the venture could inject $30.0 million to the company’s top line in two years.
In November, Square (SQ) allowed some users of its Square Cash app to trade bitcoin. So far, Square doesn’t allow person-to-person transfer of bitcoin in the Square Cash app.
Investors unload stocks that even had a whiff of cryptocurrency about them Friday, as blockchain-backed currencies took a tumble following a juggernaut 2017 rally, but those losses pare by the close as ...
Shares of Advanced Micro Devices Inc. sank 5.2% in active trade Friday, enough to pace the S&P 500 decliners, as they were pulled down by the chip maker's connection to cryptocurrencies, which were plunging ...