Where to trade PayPal stock following PayPal’s $60 billion deal to acquire Pinterest

by October 21, 2021

PayPal is rumored to be in the last stages of negotiating a Pinterest acquisition and that has made the PayPal stock jump.

Following the acquisition plans, investors are betting on the stocks with an expectation that the stock price will see a tremendous rise once the acquisition is completed.

To help stock traders eying the PayPal stock, Invezz has created a brief article on what it is and the best places to buy it.

To find out more, please continue reading.

Best places to trade PayPal Stock

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Webull

Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.

What is PayPal stock?

PayPal stock is the stock of PayPal Holdings, Inc. and it trades on NASDAQ under the symbol NASDAQ: PYPL.

PayPal Holdings, Inc. is a leading digital payments company that operates the PayPal digital payments platform. The company is headquartered in San Jose, CA.

It offers a wide selection of products including the PayPal platform (where users create accounts for online transactions), PayPal Credit, Venmo, Paydiant, Braintree, and Xoom.

Should I buy the PYPL stock today?

PYPL stock is a great stock to invest in especially since PayPal is a solid company whose revenue keeps on growing as it ventures into different fields including digital currencies.

PYPL stock price prediction

While the ongoing negotiations between PayPal and Pinterest are expected to see PayPal part with about $60 in stocks to acquire Pinterest, PayPal is a solid company and the acquisition is expected to provide a wider revenue base, which is expected to trigger a rise in the PayPal stock.

PayPal stock social media coverage

PayPal is exploring an acquisition of Pinterest,

The companies have discussed a potential price of around $70 a share, which would value Pinterest’s publicly-traded Class A stock at roughly $39 billion pic.twitter.com/zSJLyK5TkV

— Prof. Ahmed Banafa (@BanafaAhmed) October 20, 2021

PayPal has planned to finance the acquisition mostly through #stock. The news of the potential deal started circulating when Pinterest’s co-founder, Evan Sharp, declared that he had plans to leave his company and join #LoveFrom.

— Rava.pk (@ravapk) October 21, 2021

The post Where to trade PayPal stock following PayPal’s $60 billion deal to acquire Pinterest appeared first on Invezz.