Shares in PayPal closed at around $102 on Tuesday. But Meeks said he has "more confidence" in PayPal and would "still stay away," from Pinterest given the changing landscape in social media. Meeks said he believes that Elliot's stake in PayPal lends "some credence" to the latter's investment thesis, given Elliot's reputation as a "crackerjack activist investor." The news came just a day after Elliott said it had become the top investor in social network operator Pinterest. "As one of PayPal's largest investors, with an approximately $2 billion investment, Elliott strongly believes in the value proposition at PayPal," Elliott managing partner Jesse Cohn was quoted as saying in the presentation. Read more Have markets hit the bottom? Strategist reveals the indicators to watch closely as stocks rally Is 'super cheap' Meta a buy or a miss? Here's what top tech investor Paul Meeks says Tesla's valuation doesn't make sense until it hits this level, fund manager says The company marked a new chapter in its colorful history earlier in this month, when it announced in its second-quarter earnings presentation that it had entered into an information-sharing agreement on value creation with Elliott Management. PayPal was acquired by e-commerce giant eBay in 2002 for $1.5 billion, before being spun off as a separate entity in 2015. Musk had a brief stint as CEO of the merged company between April 2000 and October 2000. The company was born of a merger i n 2000 between online bank X.com, a company founded by Tesla CEO Elon Musk, and software company Confinity. PayPal's colorful history PayPal's reputation as one of the largest online payment processors in the world belies its relatively brief history. I think PayPal could be a buy here," Meeks said. "I'm starting to become more intrigued because they've shown that they've regained some credibility. The company also delivered a beat on revenue and announced projected cost savings of $900 million this year. The company also raised its forecast for adjusted EPS for the full year. PayPal posted adjusted earnings per share (EPS) of 93 cents for the second quarter, beating the consensus estimate of 86 cents per share, according to Refinitiv. But the company's second-quarter earnings report was a "nice positive surprise," and has reignited his interest in the stock. The company has a reputation of not being tightly managed," Meeks, portfolio manager at Independent Solutions Wealth Management, told CNBC Pro Talks last week. They have given guidance, quarter by quarter, over the last few years and missed their own guidance miserably. "PayPal unfortunately suffers from what I call self-inflicted wounds. Top tech investor Paul Meeks shares why he thinks the stock is a buying opportunity. The financial services firm reported stronger-than-expected second-quarter results and a renowned fund management firm revealed a stake in the company. If you feel your basket or check out lacks, contact Bulldesign and let us tailor an offer for an optimization.It has been a good month for PayPal. We develop webshops where checkout and conversion optimization is a big part of the process. Most payment gateways such as ePay, Quickpay and Clearhaus already offer packages where you get a lot of international cards at fair prices.Ĭ is developed by Bulldesign. If your webshop is available in several languages then make sure you have most cards. We have developed Webshops with transactions for over 50 million (Danish customers), and 95% of the cases have been paid with Dankort, Visa or Mastercard. As long as you as a minimum offer Visa and Mastercard, you are assured that most can pay at your webshop. If you, as a minimum, want to ensure that the majority of buyers online can buy at your webshop, then the Dankort is quite important. Even though most Danes today have a Visa / Dankort then someone still has a Dankort. Therefore, at kortlogo.dk you can find all these logos that come in the same size as the payment logos, so you can place all logos harmoniously with each other.Ĭard logos increases the conversion rate If you of course offer the right ones. It is equally important to show if you are the e-mark or if your website is CO2 neutral. However, it is not just the card logos that are important to show on your webshop. If you look at it statistically, the most used cards (on a global level) Visa, Discover, American Express and Mastercard. It may well be that we in Denmark only use Dankort, Visa and Mastercard, but if you have Nordic or customers worldwide it is not everyone who uses Visa or Mastercard. Showing your card logos and payment cards can both signal credibility, but is also important if you have international customers. With informative card logos, you tell your customers which cards you receive, and typically there are many webshops that take more cards than they write.
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