PayPal CEO Calls 2024 a ‘Transition Year' Amid Churn and Slowing Growth

Slowing growth. A churning of inactive accounts.A slew of puts and takes dominated PayPal’s earnings Wednesday (Feb. 7), and a number of flat metrics sent investors headed, at least initially, for the exits in after-hours trading.The stock was down 7% Wednesday evening.Revenue rose 9% to $8 billion in the quarter, as calculated in constant currency.As detailed in the supplemental materials, active accounts were down 2% year over year, and were down 0.6% sequentially, to a recent 426 million. Management attr ...