PayPal Plunges, Forced to Close 4.5 Million Accounts

The transcript discusses PayPal's recent financial struggles, including a significant drop in market cap and its status as one of the worst performers in the S&P 500 over six months. It highlights the challenges PayPal faces due to changing consumer preferences, competition from platforms like Venmo, and eBay's shift away from PayPal. The discussion also covers PayPal's strategic goals, such as increasing active accounts, and the challenges of removing fake accounts. Overall, the transcript provides insights into PayPal's current market position and future strategies.

What is the significance of eBay's migration away from PayPal?

What are PayPal's goals regarding new accounts and how do they compare to their previous targets?