{"id":10437,"date":"2021-11-10T12:12:00","date_gmt":"2021-11-10T09:12:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=10437"},"modified":"2023-06-22T17:43:08","modified_gmt":"2023-06-22T14:43:08","slug":"paypal-shares-are-falling-due-to-q3-report-and-q4-2021-forecast","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/11\/10\/paypal-shares-are-falling-due-to-q3-report-and-q4-2021-forecast\/","title":{"rendered":"PayPal Shares Are Falling due to Q3 Report and Q4, 2021 Forecast"},"content":{"rendered":"\n

If I were writing sentimental dialogs for sitcoms, I would express my current thoughts like this: “PayPal<\/a>, old chap! Mind it: if your quarterly reports and forecasts disappoint Wall Street, even a contract with Amazon<\/a> won’t save your stocks<\/a> from falling”. Alas, my style is different, so enjoy your usual reading.<\/p>\n\n\n\n

<\/span><\/a>PayPal report for Q3, 2021: revenue inferior to assessments of analysts<\/span><\/h2>\n\n\n\n

An American corporation PayPal, owning a payment system with the same name, published a financial report for Q3, 2021 on Monday, November 8th, when the trading session was over. I’ll say at once that the statistics failed to surprise Wall Street experts – in a good way.<\/p>\n\n\n\n

The company boasted that in July-September it increased the overall number of active accounts by 12% - +13.3 million new users – so that this number reached 416 million. Among other things, this let the overall payment volume in Q3 grow by 26% to $310 billion.<\/p>\n\n\n\n

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Payment volume in Q3, 2021 grew by 26% to $310 billion<\/em><\/p>\n<\/blockquote>\n\n\n\n

Cooperation between PayPal and eBay<\/a> is extinguishing – slowly but steadily. In Q3, the amount of transactions on the platform via the payment system in question decreased by 45%. The reason has long become clear: eBay is integrating its own payment system, pushing out other services.<\/p>\n\n\n\n

However, PayPal quickly found a replacement for eBay and started cooperation with a huge electronic commerce platform Amazon. By the agreement, the users of Venmo, belonging to PayPal, will be able to make purchases on Amazon from their accounts, starting the next year.<\/p>\n\n\n\n

<\/span><\/a>Important report details<\/span><\/h3>\n\n\n\n