PYPL Stock Dips After PayPal Failed to ‘Shock the World' at Its Innovation Day

A failed Innovation Day sent PayPal (NASDAQ:PYPL) stock down almost 4% on Jan. 25.Investors were told to see the event as a catalyst for higher stock prices. They were shown faster checkouts, improved business profiles at Venmo, and even AI-based recommendations on shopping sites.But the failure to “shock the world,” promised by CEO Alex Chriss, disappointed some investors. PayPal opened this morning at $60.60, its market capitalization near $61 billion.Shocked Not ShockedThe “First Look Keynote” was the fi ...