Third Point, the hedge fund run by Daniel Loeb, has taken a new position in PayPal. According to a report in CNBC, citing a Third Point investor letter, the position was added in the second quarter of this year. “Consumers love PayPal because it enables...
July 26, 2018
PayPal second quarter earnings were in yesterday (July 25), and despite the fact that PayPal beat analysts’ expectations on revenue, usership and earnings (and announced that its board had approved $10 billion in buybacks), its stock price still fell sharply in after-hours trading. PayPal’s predictions came in a bit below Wall Street’s forecasts for Q3 […]
July 23, 2018
Third Point, the hedge fund run by Daniel Loeb, has taken a new position in PayPal. According to a report in CNBC, citing a Third Point investor letter, the position was added in the second quarter of this year. “Consumers love PayPal because it enables hassle‐free, one‐touch checkout across millions of online merchants,” Loeb said […]
