Why PayPal Stock Is on Fire
PayPal (PYPL) - Get Report has had one heck of a year.
Shares of the digital payments company have surged 61% this year, blowing away Facebook (FB) - Get Report , Apple (AAPL) - Get Report and Alphabet (GOOGL) - Get Report . After TheStreet talked with PayPal CEO Dan Schulman at length, you can see why Wall Street has embraced the stock. PayPal is really reinventing itself.
The company is striking new deals to open up its platform to others such as Facebook and Baidu (BIDU) - Get Report .
"I think digital payments is in its infancy right now, and what I think the market is looking for are pure plays in what is unfolding in the future," Schulman explained to TheStreet.
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