PayPal shares fall after CEO announces AI-based products
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- Опубликовано: 24 янв 2024
- Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to share his reaction to PayPal's AI announcement. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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“This is not what’s poppin in the streets” “it’s a weird flex” lmfaooooo I love this guy
Josh B is a keeper.
Not for those investors that followed him into MTTR when he was touting it at 18 a couple of years ago...@@wadej769
Buddy is mad. Its hilarious but I understand the sentiment
Personally I think y'all missed the mark on what he said. Faster checkout was just a part of it he's clearly eyeing big bucks elsewhere but wasn't as explicit but I think the level of data they have and the ability to advertise to consumers where you pay for performance not impressions is compelling.
I think monetizing Venmo will make all the change - this was his final point today
The only thing paypal has is an abundance of scammers who love to use their product.
Agreed, they definitely missed the point. I bought in at the sell off because the endless possibilities of creating new revenue with this strategy.
He overhyped the consumer and the product. Yes, the enhancements are better, but the new CEO was making bold claims. Mind you, we just had Samsung announce major innovations, CES, and a major healthcare event.
He should have let someone else talk if he can't do a sale job. His investors shouldn't have to explain for him. I've watched his interviews, and he doesn't impress. Integrating "AI" is so overused to pump up a product, a lot of people are dubious.
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人人人人" copy "it this way, "RUclips is frustrating
The CEO made the mistake by exaggerating the role out. But the sell off is purely emotional. Paypal doesn't have to reinvent the wheel. All the increase competition noise is already priced in. Paypal just needs to improve the existing products. Investors are pricing paypal like they're about to file for bankruptcy.
I disagree. There’s too many competitors.
@@JacksonTravelglobally? Hardly. PayPal basically has a worldwide monopoly in e-commerce and payments to freelancers and contractors. Too many people in the US think PayPal is just a Zelle or Cash App competitor and it's not. It owns Venmo to compete with those apps in the US market.
And they are tiny...
@@JacksonTravel What business doesn't have competition? Name a company whether an airline, a school, or restaurant or software business that doesn't have competition? I'll wait
He didn’t say innovation day would “shock the world.” The interviewer pivoted right into innovation day. In context, he was saying that PayPal will shock the world over time. But hey, who cares. Great day to have puts
CEO: "PayPal is on a mission to revolutionize commerce"
If it's revolutionary, then it should be shocking. This new CEO should do the opposite: underpromise, overperform.
All of this will increase Paypal's profits. It takes some time, ok.
100% agree
At the end of the year we will see an higher TPV for the branded checkout and margins expansion. I like this CEO.
@@francesco4420what about the stock price? What’s your expectation?
@@dingodong76 for me the fair value is at least 90$ considering 5 billion in free cash flow each year and a P/FCF of 20
market is overreacting imho
The fastlane and advertising with cashback is really good to buyer and seller
Yup. If it rolls out without too many problems it will be a real advantage in this competitive space.
Stock started tanking before he spoke explain that.
sell the news, whatever the news is..
Yep stock tanked before anyone could possibly have digested news. Recovered a bit when story was actually out. Market manipulation that backfired?
The on top ad revenue alone is adding massive bottom-line potential, how is this any bad? This combined with higher transaction volumes triggered by those paid ads is perfect. They announced exactly what everyone hoped for. narrowing it down just to the faster checkout is not right
I think people were expecting the next iPhone or something
-80% after ATH
Brown recommended PayPal at 300 😂. What a clown
Whos Brown?
the fat one @@time4s44
Along with Cramer. 😝
That was also when it had lower revenues and fcf than at $60 lol
This clown was also pushing MTTR at $18 a couple of years ago...
This move of the stock is only about news, hype and emotions. Real moves will come after few quarters when all these new stuff show their potential by increasing revenue, etc
I mean...as a company you still have to recover, build a reputation then you can promise big things. Even a pre Scholar can see this from a mile away
I think Josh Brown must’ve fallen asleep during half of the presentation by the CEO of PayPal.
true, i find the new ceo on track. he is narrowing his focus on improving existing products and i dont know about ai tho.
they sold happy returns and are focusing on core business and i like it
Wall Street will sell off on what he said or lack of. But then then they'll all be fighting over shares when PayPal's earnings come out when this tech is fully integrated.
Here, You see an "analyst" that thinks 70% checkout convertion is a marginal improvement. 0 knowledge of the industry...pathetic
Not an industry expert but whats the norm?
@@nczioox1116 45% is the actual norm in the market.
I like Josh but Josh has rocks in his head over this one.
that dude talking is a weird flex lmao
Whatever he was going to say, the stock would go down today. Long-term, this stock will go up.
He either didn’t watch the presentation or can’t comprehend
It shocked the garbage picker and "value" invester 😅.
I like the stock even more now because of this guy
This guy talks like an impatient day trader..
I thought marketing based around your purchase histroy will be quite useful.
The presentation was great, wtf is this guy saying. Like obviously it was a sell the news event but PayPal will double in the next coming months and this guy will be shutting his month
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
But this stuff worked at internal intuit meetings!!!
No one wins... wrong as always, option contracts on paypal have been up massive due to IV lately the insiders that manipulated it the last week or 2 definitely made out, was a total ride the options up and sell contracts for massive premiums and now value goes stagnant and die cause a flop
They were things in the overall experience of the checkout process's. All of these should have been done already though. It's obvious, so the guy obviously knows what, he's doing
agreed hes fixing existing things first.
So now when your palpay account is drained PayPal can claim no responsibility and blame Ai. How do you sue Ai ?
Thank Christ I didn’t buy calls.
He just started as NEW CEO. What do you expect? besides the shares didn't go down that far what are you talking about? PayPal always stays around 56 to 66 price range anyway. Shares didn't fall like what this dude said
Thank you CEO. I bought puts on Wednesday 😂
Maybe he did too 🤷🏾♂️
I wouldn't say "nobody" wins. I did!
I love Josh brown
Babbling "AI" was a bullish strategy a few months ago, now it just makes you look silly.
The shock the world comments are uneducated and out of context. When Mr. Chriss said that… he was referring to the turnaround story that will take years to play out. Everyone’s acting like he was referring to this innovation day. He’s referring to the numbers they’re gonna drop on your heads in the coming quarters. WAKE UP. Lol
I wouldn’t blame the sell off on what he said lol
Couldnt have said it better
maybe Paypal could buy something like Pinterest
People don't even have the ability to listen to what the guy says in a 2 minute interview then criticise him. What are you expecting a flying car?
Not yet ready for prime time.
It doesn't sound like the benefit of the doubt to me
he is livid lol
This guy must be a real bag holder in pain
>Dude, AI
This nonsense by PayPal CEO definitely did more damage than it should... What a rookie mistake!
He would have been better off to let company's performance speak for itself over the next couple of quarters...
Why would anyone listen to Josh Brown. Yes the CEO announcement was not mind blowing, but it was sensible improvements to Paypal.
hopefully this new CEO of PYPL can learn a lesson from today's stock market reaction.
The type of guy to sell at 60 and buy at 80.
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sold it as soon as announcement started. Lost all confidence in new CEO. Poor messaging.
big mistake my friend :)
From a value perspective its basically at a bottom. Any more drops are buying opportunities, not selling!
Not selling. They have fired people to reduce costs, they are buying back shares and they are increasing revenue
lol no you didn’t. You never owned anything
PayPal stock down 20 % today 😅😅
Is this gen z content?
Yes it was a super Lame presentation
Loud fart noises would have been more interesting
Look how sad he is 😂
1
Paypal AI data already priced in
Nothing is priced in. They are priced like a failing company
This new ceo is stupid and bragging. He confidently said "we will shock the world!" And in the end, there is no "shock" at all.
nobody could have forseen this
future results will prove the shock. Bullish
POS stock
Pypl is garbage lol
I wish my garbage at home brought in $13.7 billion in gross profit, ~$4 b in net!
GO WOKE GO BROKE!!!!!!!!!!
CNBC cartoon netwrok were saying the FANG stock were finsihed when cheap, META at $100 was finished now at new all time hgihs they turn bullish, what a bunch of clowns!