PayPal Stock Plummets as Katniss Everdeen Shoots Down Disappointing Forecast

Katniss Everdeen Takes Aim

Alright folks gather 'round! We've got some big news in the world of payments giants. PayPal that dot com era pioneer took quite the tumble with their stock plummeting over 10%. And you know what? I couldn't resist taking a shot at this disappointing forecast.

PayPal vs. the Competition: The Odds Are Never in Their Favor

Seems like PayPal is facing some serious competition. Apple Pay and other new entrants are giving them a run for their money. Looks like they're trying to dominate e commerce but online shopping is shifting to mobile phones and PayPal is struggling to keep up. Maybe they need a little Katniss like agility?

New CEO Same Old Story

So this Alex Chriss person took over as PayPal's chief executive and boy has he got his work cut out for him. Apparently PayPal over hired during the pandemic and lost focus. And now Mr. Chriss is calling 2024 a transition year. Well let's hope he can transition them out of this mess. Good luck with that buddy.

Slow and Steady Doesn't Win the Race

Investors are starting to realize that this PayPal turnaround won't happen overnight. They're lowering their expectations faster than I can shoot an arrow. The average EPS estimate dropped by 5% after their earnings report. Ouch. Sounds like a struggle just like surviving the Hunger Games.

PayPal's CEO Promises to 'Shock the World'...and Fails

Oh Mr. Chriss you really know how to get everyone's hopes up. You promised to shock the world with some amazing new innovations. But guess what? People were more snoozed than shocked. The products they announced were underwhelming to say the least. I guess sometimes the odds are not in your favor huh?

PayPal's Conservative Approach: 'Show Me' the Results

Looks like Chriss wants to play it safe with guidance. He wants to see some actual results before giving any solid predictions. During the earnings call he talked about earning trust from the investor community. Hey Chriss trust is like a mockingjay pin delicate and easily lost. Better make sure you're delivering on those commitments.