Oof @PayPal now trades at 2x Gross Profit and 8x earnings 🤮
Keep in mind Venmo TPV is still growing is still growing 13%, Venmo revenue is growing 20% and 67m MAU +7% YoY.
Paypal has a CORE asset is valuable in a world of stablecoins where distribution is king and EVERYONE would love to have the Venmo that utilizes stablecoin rails.
$PYPL right here is ultra contrarian.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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