Taking my long term capital losses today, instead of end of year...PayPal

TheDawn said:
Tbh I am surprised that Paypal would lose this much value. There is a lot of competition out there in the payment/transfer service industry but none can compare with Paypal. Paypal still has the dominant market share in North America. It's accepted by the largest amount of online merchants and its fee is the lowest for both payment and transfer services available in the largest array of foreign currencies and it's most secure. Its biggest competitor is the one from China, Alipay because it's associated with the Chinese market and Alibaba but as long as you don't shop there (it's crap) you really have no incentive in signing up with Alipay especially if you are concerned about the privacy of your data. Paypal's customer service and problem resolution is fantastic. Quite a few times when I had problems with a merchant, they are always able to resolve it fine. I didn't like it that they decided to close their phone line and just had customer service over chats during covid but they resolved the problem for me. I wouldn't use any other payment/transfer service. All those fancy payment/transfer service with all those colourful logos, you never know any hidden fees that they might charge you and you never know where those companies originated from and how they handle your data.
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Just listening to what my kids say (they are in their 30's...Much more savvy than me), PayPal is dealing with Apple Pay and having to clean up a lot of fraud from criminal activity. Both were a concern to them...
 
I owned it from the eBay spin-off until about Feb 2022. I think when eBay decided to replace PayPal with Adyen, they never fully recovered. That was a huge business for them.
 
nitrene said:
I owned it from the eBay spin-off until about Feb 2022. I think when eBay decided to replace PayPal with Adyen, they never fully recovered. That was a huge business for them.
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What are you talking about? PayPal is still a method of payment on eBay.com. I just bought something from eBay a month ago and paid with Paypal. Are we talking about the same eBay??
 
Cabin111 said:
Just listening to what my kids say (they are in their 30's...Much more savvy than me), PayPal is dealing with Apple Pay and having to clean up a lot of fraud from criminal activity. Both were a concern to them...
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I REALLY don't see the merit of using Apple Pay over PayPal. Apple Pay is very much tailored to apple devices so if you don't use them there is no incentive for you to use Apple Pay. PayPal, on the other hand is for everybody and it's international, working with more foreign currencies around the world than any other services. And it's accepted by more merchants than any other payment services simply because it's used by the most amount of people. You see the Paypal logo more often than any other "pay" logos for a reason. To me, Apple Pay to Paypal is like Disney+ to NetFlix. I tried both and canceled Disney+ cuz it's only catering to a very limited audience segment whereas NetFlix is for everybody.

That's my take.
 
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maxinger said:
I was very surprised too.

What was even more surprising was that
he started to micromanage Twitter (firing workers, becoming a CEO ...)

He did not hire Twitter CEO until months later.
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I think he was just too pissed at how Twitter was run, letting a kid track where he flies but yet banning him and others when they want to talk about something that's deemed "inappropriate". And he's eager to prove to everybody that he can run better. That's the only explanation that I can think of.

In the end, Elon's right. Twitter sucks but nobody is able to or willing to do something about it. He's both able and willing so he's doing something about it.
 
Proud of you mate.
You took the 4th Stop loss.

Probably the last one before a reversal ?

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