PayPal is rumored to be in the last stages of negotiating a Pinterest acquisition and that has made the PayPal stock jump.
Following the acquisition plans, investors are betting on the stocks with an expectation that the stock price will see a tremendous rise once the acquisition is completed.
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To help stock traders eying the PayPal stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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PayPal stock is the stock of PayPal Holdings, Inc. and it trades on NASDAQ under the symbol NASDAQ: PYPL.
PayPal Holdings, Inc. is a leading digital payments company that operates the PayPal digital payments platform. The company is headquartered in San Jose, CA.
It offers a wide selection of products including the PayPal platform (where users create accounts for online transactions), PayPal Credit, Venmo, Paydiant, Braintree, and Xoom.
PYPL stock is a great stock to invest in especially since PayPal is a solid company whose revenue keeps on growing as it ventures into different fields including digital currencies.
While the ongoing negotiations between PayPal and Pinterest are expected to see PayPal part with about $60 in stocks to acquire Pinterest, PayPal is a solid company and the acquisition is expected to provide a wider revenue base, which is expected to trigger a rise in the PayPal stock.
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