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Portnoy Law Firm Announces Class Action on Behalf of PayPal Holdings, Inc. Investors
Globenewswire· 2026-02-20 17:00
LOS ANGELES, Feb. 20, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises PayPal Holdings, Inc., (“PayPal” or the "Company") (NASDAQ: PYPL) investors of a class action on behalf of investors that bought securities between February 25, 2025 and February 2, 2026, inclusive (the “Class Period”). PayPal investors have until April 20, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their lega ...
INVESTOR DEADLINE: PayPal Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-02-20 14:15
INVESTOR DEADLINE: PayPal Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit [Accessibility Statement] Skip NavigationSAN DIEGO, Feb. 20, 2026 /PRNewswire/ -- The law firm of [Robbins Geller Rudman & Dowd LLP] announces that purchasers or acquirers of PayPal Holdings, Inc. (NASDAQ: PYPL) common stock between February 25, 2025 and February 2, 2026, both dates inclusive (the "Class Period"), have until April 20, 2026 to seek appointment as lead plaintiff of the PayP ...
Rosen Law Firm Urges PayPal Holdings, Inc. (NASDAQ: PYPL) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
Businesswire· 2026-02-18 20:21
Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit on behalf of PayPal Holdings, Inc. stockholders who incurred significant losses during the class period from February 25, 2025, to February 2, 2026, alleging that the company misled investors regarding its business operations and growth potential [1]. Summary by Relevant Sections Allegations - The lawsuit claims that PayPal provided investors with overly optimistic statements about its financial targets for 2027 and the growth trajectory of its Branded Checkout segment, while concealing material adverse facts about its salesforce's capability to execute on these growth expectations [1]. - It is alleged that the company was "too optimistic" about how quickly its staff could drive customer adoption, leading to investor damages when the true state of affairs became known [1]. Class Action Participation - Shareholders who wish to serve as lead plaintiffs must file motions with the court by April 20, 2026. A lead plaintiff represents other class members in the litigation [1]. - Shareholders are not required to participate in the case to be eligible for recovery and can remain absent class members if they choose [1]. Rosen Law Firm Background - Rosen Law Firm is recognized for its focus on shareholder rights litigation and has successfully recovered over $1 billion for shareholders since its inception [1].
INVESTOR ALERT: PayPal Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the PayPal Class Action Lawsuit – RGRD Law
Globenewswire· 2026-02-17 23:51
Core Viewpoint - The PayPal class action lawsuit alleges that the company and certain executives misled investors regarding the company's revenue outlook and growth potential during the Class Period from February 25, 2025, to February 2, 2026 [1][3]. Group 1: Lawsuit Details - The lawsuit, titled Goodman v. PayPal Holdings, Inc., claims violations of the Securities Exchange Act of 1934 by PayPal and its executives [1]. - The class action seeks to represent purchasers or acquirers of PayPal common stock during the specified Class Period [1][2]. - Allegations include creating a false impression of reliable revenue projections and downplaying risks associated with seasonality and macroeconomic factors [3]. Group 2: Financial Performance - On February 3, 2026, PayPal announced disappointing financial results for Q4 and the full fiscal year 2025, which included a decline in Branded Checkout performance and the withdrawal of previously set 2027 financial targets [4]. - The company attributed its poor performance and lowered guidance to macroeconomic factors, competition, and operational issues across all regions [4]. - Following the announcement, PayPal's stock price reportedly fell by more than 20% [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased PayPal common stock during the Class Period to seek appointment as lead plaintiff in the lawsuit [5]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [6]. - The firm has a strong track record, recovering a total of $8.4 billion for investors over the past five years, significantly more than any other law firm [6].
Grab Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-17 13:19
President and COO Alex Hungate said Grab is doubling down on three priorities: affordability and reliability, deeper engagement across the ecosystem, and technology investments to translate demand density into operating leverage. On mobility, Hungate said the company reduced passenger fares by 16% while improving driver earnings by 29%, attributing the outcome to network density and technology that improves driver productivity.Management said Grab ended 2025 with more than 129 million annual transacting use ...
[DowJonesToday]Dow Jones Inches Higher Amid Consumer Sector Strength and Tech Volatility
Stock Market News· 2026-02-16 19:09
The Dow Jones Index (^DJI) was up 48.95 (0.0990%) points today to 49,500.93, while Dow Futures (YM=F) was up 3.00 (0.0061%) points today at 49,526.00. The primary narrative driving the market today was a distinct sector rotation as investors pivoted away from high-growth technology and toward consumer discretionary and healthcare sectors. This movement suggests a tactical shift toward defensive positioning and value-oriented equities amid fluctuating bond yields and a reevaluation of tech valuations followi ...
Digital wallet X Money enters internal beta
Yahoo Finance· 2026-02-16 14:54
Core Insights - X, the social media platform owned by Elon Musk, is testing its payments service, X Money, internally, with plans for an external trial in the next month or two [1][2] - The initiative aims to transform X into a central hub for monetary transactions, moving beyond its social media roots to offer a comprehensive suite of financial services [2][3] Group 1: X Money Development - X Money is currently in closed beta testing within the company, with expectations for a limited external beta soon [1] - The service is designed to facilitate peer-to-peer transfers and digital wallet capabilities, allowing users to manage financial tasks within the X ecosystem [4] - X has secured money transmitter licenses in over 40 US states, indicating regulatory readiness for its financial services [4] Group 2: Strategic Partnerships and Features - In January 2022, X partnered with Visa to support the X Money wallet, enabling instant loading and peer-to-peer transfers via linked debit cards [5] - The collaboration with Visa aims to enhance user experience by allowing immediate fund transfers to bank accounts [5] - There are currently no formal announcements regarding the facilitation of cryptocurrency payments through X Money [6] Group 3: Long-term Vision - Musk has expressed ambitions to grow X's monthly active user base beyond 600 million, with a long-term target of reaching one billion users [4] - The overarching goal is to create a "universal app" that integrates social networking, media, AI tools, and financial services into a single platform [3]
Japan’s PayPay Files for US IPO, Targets Valuation Above US$10B
Fintech Hong Kong· 2026-02-16 02:43
Core Viewpoint - PayPay, SoftBank's digital payments unit, has filed for a US IPO, potentially becoming the largest listing by a Japanese company on a US exchange, with a valuation target above US$10 billion, and possibly as high as US$20 billion [1][4]. Financial Performance - For the nine months ending December, PayPay reported a profit of ¥103.3 billion on revenue of ¥278.5 billion, a significant increase from the previous year's profit of ¥28.96 billion on revenue of ¥220.4 billion [2]. User Growth and Market Position - PayPay has grown rapidly since its launch in 2018, now boasting over 72 million users in Japan, and has overtaken Rakuten Group's Rakuten Pay [2][3]. - QR-code payments accounted for 9.6% of Japan's cashless transactions in 2024, a substantial increase from 0.2% in 2018, while credit cards' market share is declining [3]. Business Strategy and Expansion - The company has relied on aggressive marketing, subsidies, and merchant acquisition supported by SoftBank [3]. - PayPay has expanded internationally, enabling payments at over two million merchants in South Korea ahead of its IPO [4]. IPO Details - PayPay plans to list on the Nasdaq Global Select Market under the ticker PAYP, with Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group, and Morgan Stanley leading the offering [5].
Grab Holdings Limited (GRAB) Expands With Hesai Lidar Deal After Blowout Quarter
Yahoo Finance· 2026-02-14 13:17
Grab Holdings Limited (NASDAQ:GRAB) is one of the best foreign stocks to buy right now. On February 12, Grab Holdings Limited (NASDAQ:GRAB) released the earnings for its December-ending quarter. For the quarter, Q4 FY2025, Grab posted $906 million in revenue, a 19 % increase year over year. Management noted that the increase was driven by growth across its service offerings. Grab Holdings Limited (GRAB) Expands With Hesai Lidar Deal After Blowout Quarter According to Grab, profit for the period was $153 ...
SoftBank’s PayPay Gets Closer to US IPO in Milestone for Japan
Yahoo Finance· 2026-02-13 07:50
Core Viewpoint - PayPay Corp., a digital payments provider under SoftBank Group Corp., has filed for a US IPO, potentially marking the largest listing for a Japanese company on a US stock exchange [1] Group 1: IPO Details - PayPay aims for a valuation exceeding $10 billion, with SoftBank's founder Masayoshi Son advocating for a valuation as high as $20 billion [2] - The IPO could occur as early as March, with further details on shares and pricing to be disclosed in a future filing [2][3] Group 2: Financial Performance - For the nine months ending December, PayPay reported a profit of ¥103.3 billion ($676 million) on revenue of ¥278.5 billion, compared to a profit of ¥28.96 billion on revenue of ¥220.4 billion in the same period the previous year [3] Group 3: Market Position and Growth - PayPay, launched in 2018 as a joint venture with Paytm, has surpassed Rakuten Pay in user acquisition, boasting over 72 million users in Japan [4] - QR codes represented 9.6% of Japan's cashless transactions in 2024, a significant increase from 0.2% in 2018, while credit cards' share has been declining [5] Group 4: Expansion Efforts - PayPay is expanding internationally, having made its services available in over 2 million shops in South Korea and recently partnering with Visa to explore opportunities in the US [6] Group 5: Strategic Context - The IPO aligns with SoftBank's strategy to monetize assets for new investments, particularly in artificial intelligence, having divested nearly $13 billion in T-Mobile US shares between June and December [7]