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Can PayPal Get Its Mojo Back?

·4-min read
Can PayPal Get Its Mojo Back?

PayPal reported its second-quarter results, and there were no new developments to send the stock soaring higher. PayPal reported negative earnings per share (EPS) this quarter, but that was due to one-time tax charges and unrealized investment losses. Also announced were PayPal's cost-cutting initiatives, which are expected to save about $900 million in 2022 and $1.3 billion in 2023.