PayPal's online checkout empire under siege as rivals squeeze its core business
PayPal is facing significant challenges as it struggles to maintain its position in the online checkout market. The company's core business is experiencing minimal growth, and management has indicated that major changes are necessary to address these issues. As a result, PayPal's stock has seen a substantial decline over the past year and five years.
- ▪PayPal's core business of online checkout is barely growing.
- ▪The company has seen its stock fall nearly 40% in the past 12 months.
- ▪Competitors like Apple, Shopify, and various peer-to-peer services have been gaining market share.
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The PayPal logo hangs displayed outside their company headquarters on March 10, 2015, in San Jose, Calif. (AP Photo/Jeff Chiu, File) By KEN SWEET Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share (function () { const counter = document.getElementById("scrollToComments"); const HEADER_OFFSET = 120; function findCommentsModule() { return document.querySelector('.vf3-comments, #vf-conversations, [data-test="vf-conversations-root-element"]'); } function maybeShowCounter() { if (findCommentsModule()) { counter.style.display = "inline-flex"; } else { counter.style.display = "none"; } } // Show only when Viafoura is present maybeShowCounter(); // Watch DOM for late loads…
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