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RE: PayPal announces 7 billion dollar profits and the stock price drops; market manipulation? Say it ain’t so Joe.

in LeoFinance2 years ago

Economy sucks,

Ad revenue declines,

Most likely e-commerce revenue decline too,

So payment providers make less revenue.

That would be the way I look at it.

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Good points

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I can’t disagree that the economy is in the dumps, but some sectors are making money. I assumed the 6.9 billion dollar profit meant PayPal was one of them. But you are tight, that if e-commerce revenues are down, perhaps payment providers will also feel the pinch.

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