Paypal CFO Simply Opened Her Bad Mouth

Shernice軒嬣 2000
10-29

WTF

PayPal Up nearly 17% in pre-market trading, but closed the day up just 4%.

But seriously—maybe reconsider changing the woman CFO in the earnings call. She said consumers' spending outlook is expected to weaken.

On Consumer Spending & Macroeconomic Headwinds

​"PayPal saw a slowdown in payments activity in September that continued into October across both the U.S. and Europe, as consumers became more selective in their purchases... We're seeing basket sizes just trade down. Average order value being down, particularly in retail where you know consumers are just being more selective, and that behavior has continued into October."

While the price action was underwhelming, it’s hard not to stay optimistic after a strong Q3 beat, raised guidance, and new partnerships with Google and ChatGPT.

@TigerStars  @TigerObserver  @Daily_Discussion  @Tiger_comments  @TigerPM  

Modified in.10-29
💰Stocks to watch today?(8 Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • zingle
    10-29
    zingle
    It's frustrating to hear such a downbeat outlook after positive earnings.
  • Astrid Stephen
    10-29
    Astrid Stephen
    Pre-market gains vanished fast, so annoying!
  • Reg Ford
    10-29
    Reg Ford
    That CFO’s weak spending take killed momentum!
Leave a comment
3