$PYPL PayPal Holdings Deep Dive and 2024 Outlook

The company has compelling valuation, but without a long term strategy in a competitive market, it is stuck in a zone.

PayPal Holdings, Inc. is a financial technology company that operates an online payments system in the majority of countries it serves. The company was founded in 1998 and was originally named Confinity, focusing on security software for handheld devices. It later pivoted to a digital wallet, launching the first version of the PayPal electronic payments system in 1999.

PayPal's products and services include credit cards, payment systems, and other financial technologies. It operates as a payment processor for online vendors, auction sites, and various commercial users, charging a fee for its services. The company has a significant global presence, serving customers in almost 200 countries and supporting transactions in over 100 currencies.

PayPal's founders include Peter Thiel, Max Levchin, Luke Nosek, and Elon Musk, who have all played significant roles in the technology and financial industries. The company's success has also led to the creation of other notable companies, such as LinkedIn and Tesla Motors, by former PayPal executives.