CFO and COO of paypal are just dumb people in leadership.
PayPal Slips After CFO Flags Softening Spending in U.S. -- Market Talk
1408 ET - PayPal shares are under pressure despite reporting strong 2Q figures, likely due in part to management's commentary on consumer spending, RBC Capital Markets analysts say in a research note. PayPal observed "a slight softening" in retail spending in the U.S., CFO and COO Jamie Miller said on a call with analysts. It was most apparent in areas that were likely impacted by tariffs, such as Asia-based market places with higher exposure to goods sourced from China, Miller said. That call out could temper enthusiasm from other parts of PayPal's 2Q report, the RBC analysts say. PayPal slides 8.3% to $71.72.
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