Here's Why We're Scaling Back After PayPal's Q2 Earnings Beat And Raise

JHVEPhoto PayPal stock (NASDAQ:PYPL) has lost more than 10% of its value since key competitor Apple (AAPL) deepened its foray into consumer payment solutions with the launch of “Tap to Cash” in early June. Despite PayPal’s Q2 beat and raise, the stock’s responding uplift has yet to recover from its intra-quarter declines. As we had discussed in a previous coverage, Apple Pay’s deeper penetration into consumer payment solutions has come directly for PayPal’s Venmo monetization efforts this year. Admitted ...