Last week in an CNBC interview, the new CEO of PayPal told the world the company is going to announce something awesome that will shock the world. PYPL 0.00%↑ stock shot up 10% after this announcement. Today in the company’s *innovation event*, the earth shattering breakthroughs were announced. Please watch the YouTube Video to see the details. But in essence, the company is launching a one-click checkout product, upselling customers more products in receipt emails, letting e-commerce merchants to buy ads through Paypal and making Venmo more business friendly. Of course all of these will be powered by omg artificial intelligence. I am personally not very shocked by these *innovations*. I am more shocked by how long it takes PayPal to catch up with its competitors. PYPL 0.00%↑ stock tanked 8% instantly after the announcement. I suppose the world is not shocked or impressed by the announcement. LOL.
However, I think it’s great the new CEO acknowledged how much PayPal could improve by picking the low hanging fruits. The features they are launching today will likely boost PayPal’s business performance significantly in the next couple of years. In other words, the company doesn’t need to do super hardcore rocket science-y things or take excessive risks to improve their business and serve their customers better. PayPal’s current enterprise value to EBITA ratio is a very reasonable 10.9. PYPL 0.00%↑ stock could be a buy if the company executes well on these new initiatives.
SHOCKED, i am SHOCKED that PAYPAL is doing one-click checkout!
anyway making Venmo easier for normal ppl would also be helpful...