$PayPal (PYPL.US)$ The Fintech sector, including industry pi...
$PayPal (PYPL.US)$ The Fintech sector, including industry pioneer PayPal has taken a wallop on Wall Street recently.
PayPal has seen its shares plunge from highs near $310 a share in August to lows below $190 recently.
PayPal forecast 55 million net-new active users this year and Schulman said it remains on target to deliver that number. The company also is expected to meet the target of 750 million total users by 2025.
When asked about involvement in the popular buy-now, pay-later space, Schulman, president and CEO of PayPal said that while PayPal doesn't get a lot of the hype, it is one of the top four players in the world. Buy-now, pay-later sales were up 400% year-over-year on Black Friday.
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