| To: John Hayman who wrote (132) | 6/4/2020 1:08:43 PM | | From: Green Receipt | | | | yeah it was short lived. My guess is a developer messed up and it took them about 30 - 40 minutes to correct the problem.
The issue is, if one has a big public market and with hacking so rampant, one should test software before going live in production.
What caught my attention was when I went to login, it wasn't what I expected to see. Which made me then go back and examine all sorts of stuff to make sure I wasn't about to lose my user/password to a hacker.
Once I figured out the mistake was just making mexico the default connection page I realized Paypal was the one with the problem. Not a hacker per se or so i thought. |
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| From: Green Receipt | 8/23/2020 10:11:56 PM | | | | | | I have no holding in PayPal at the moment.
I was researching it this weekend to consider for a buy and found out about WireCard.
I've never heard of Wirecard but apparently Wirecard is now closed because 2 billion euros are missing?
then the article goes on to say that the missing money was never there.
I probably got that wrong. But what I was wondering is why did a news report get issued somewhat recently that talked about PayPal buying (potentially) some of the assets of wirecard?
a little further digging suggests paypal possibly had some deals with wirecard
a post
and a bunch of posts
apparently the wirecard issue goes further back
whats your current feel on the buy worthiness of paypal and where does wirecard fit into the equation? |
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| To: Green Receipt who wrote (135) | 8/24/2020 9:13:55 AM | | From: John Hayman | | | | PayPal is expanding, and I assume they would be looking to get some assets cheap. It's possible, but I don't have any info that I could say for certain.
PayPal is my first investment into financial stocks, over a year ago. . It has been a great investment for me so far.
Not much action on this board. If you get any info about this subject I would be happy to hear what you have found.
Good luck.
John |
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| From: Following-Mr.Pink | 10/23/2020 4:03:28 PM | | | | | | Thoughts on the potential Bitgo acquisition?
bloomberg.com
PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins.
PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.
It couldn’t be learned how much PayPal would pay for BitGo if it goes ahead with the deal. BitGo raised $58.5 million in 2018 at a $170 million valuation, according to PitchBook.
Representatives for BitGo and PayPal declined to comment.
Palo Alto, California-based BitGo was founded in 2013 by Chief Executive Officer Mike Belshe. It offers digital wallets that require multiple signatures for transactions, as well as offline vaults for storing Bitcoin and rival currencies. It was one of the first companies in the space to focus on institutional investors, according to its website.
The company applied in August to New York regulators to become an independent, regulated qualified custodian under New York State Banking Law, a press release showed. Custodians are responsible for safekeeping digital assets using secure storage.
PayPal announced on Wednesday that its customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as use the virtual money to shop at the 26 million merchants on its network. The announcement led Bitcoin to surge past $13,000 for the first time since July 2019.
PayPal said it would partner with BitGo competitor Paxos Trust Company, a regulated provider of cryptocurrency products and services for its new service.
BitGo is backed by investors including Goldman Sachs Group Inc., Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, Valor Equity Partners and Founders Fund. |
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| From: John Hayman | 11/3/2020 11:18:25 AM | | | | | | It's down, it's up.
GoPYPL
John
Earnings report came out.
What happenedThe stock market was having a strong rally on Election Day, with all three major averages higher by at least 1% at 9:45 a.m. EST Tuesday. However, fintech giant PayPal Holdings ( NASDAQ:PYPL) was moving in the opposite direction, with shares down by about 5% shortly after the market opened.
So whatPayPal reported its third-quarter earnings after the market closed on Monday, and the results were quite strong. Revenue soared by 25% year over year and the company posted $1.07 in adjusted EPS, an impressive 41% increase. And PayPal had 361 million active accounts at the end of September, adding more than 15 million during the third quarter alone.
https://www.fool.com/investing/2020/11/03/heres-why-paypal-stock-is-falling-on-tuesday/ |
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