The New PYPL Strategy = Monetizing
The new strategy to get more shoppers to use the app and received more cash back rewards while using the check out app is a great idea. I mainly like how they are getting into advertising and promoting deal offers. This could bring back Direct to Consumer to big retailers like $Best Buy (BBY.US)$ $Target (TGT.US)$ $Dick's Sporting Goods (DKS.US)$ $Kohl's Corp (KSS.US)$ $e.l.f. Beauty (ELF.US)$ $eBay (EBAY.US)$ $Chewy (CHWY.US)$ $BARK Inc (BARK.US)$ $Macy's (M.US)$ and take away share from Amazon $Amazon (AMZN.US)$ with their one click button called Fastlane. Promoting advertising items from select retailers to a consumer is huge change and could help elevate margins.
2024 is the year of Innovation for PayPal, its giving me Mark Zuckerburg vibes.
Remember what he said last quarter in the earnings call- closing statements.
“Hopefully, you can see how serious we are about growing and improving PayPal across the board as quickly as possible.
Before we close, I want to leave you with three thoughts. You've heard in my voice today about the confidence that we will make this company excel and a determination to do it as quickly and thoroughly as possible. We have an excellent business, but it needs to execute better and with greater clarity and focus, and it will. We will impact the go-to-market strategy and financial focus of the company in ways that are immediately impactful.
It won't happen overnight, but we will get PayPal to the kind of consistent growth profile we all expect. I've said it already, but it bears repeating one last time. What I care about is profitable growth. That is going to be our true north and receive our total focus.
I've spent my entire career focusing on making sure we delight our customers and solve their most critical problems, but we must ensure we serve all our stakeholders. And lastly, our employee base is fired up and motivated to win in the market. In addition, you can also expect us to add additional senior talent to our team who I believe can help significantly accelerate our growth trajectory. We are future-proofing this business, and we know what needs to be done.
We are playing to win. In the weeks and months ahead, we are going to be moving with velocity to deliver for our customers and our business. I look forward to talking to you all on our next call in February and laying out our clear plan to win. Thank you, and have a great day.”
Before we close, I want to leave you with three thoughts. You've heard in my voice today about the confidence that we will make this company excel and a determination to do it as quickly and thoroughly as possible. We have an excellent business, but it needs to execute better and with greater clarity and focus, and it will. We will impact the go-to-market strategy and financial focus of the company in ways that are immediately impactful.
It won't happen overnight, but we will get PayPal to the kind of consistent growth profile we all expect. I've said it already, but it bears repeating one last time. What I care about is profitable growth. That is going to be our true north and receive our total focus.
I've spent my entire career focusing on making sure we delight our customers and solve their most critical problems, but we must ensure we serve all our stakeholders. And lastly, our employee base is fired up and motivated to win in the market. In addition, you can also expect us to add additional senior talent to our team who I believe can help significantly accelerate our growth trajectory. We are future-proofing this business, and we know what needs to be done.
We are playing to win. In the weeks and months ahead, we are going to be moving with velocity to deliver for our customers and our business. I look forward to talking to you all on our next call in February and laying out our clear plan to win. Thank you, and have a great day.”
Bullish.
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I enjoy studying companies and finding undervalue stocks with great upside. I’m a retail investor and amateur analyst.
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thoughtful Bat_8163 : Advertising revenue of Amazon last quarter 12 billion, 25% growth yoy.
Steven J OP thoughtful Bat_8163 :