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Next, find outhow to grow your wealth by investing $100 a month.
It grew rapidly, then was scooped up by online auction giant eBay just six months after going public.
Price growth was slow, with the stock rising just 6% that first year.
From March 2020 until July 2021, PayPal stock rose nearly 250%.
Then PayPal stock started to decline.
First, eBay removed PayPal as its preferred payment method due to competition, and this hurt PayPals reputation.
Then in 2022, active users started to decline due to mounting competitions from apps like CashApp.
This is still a solid 2.3 times your money invested over a 10 year period.
If you reinvested your PayPal dividends, youd have an even larger gain.
Should You Buy PayPal Stock?
PayPal has been hurt by low margins, declining revenue and a declining user base.
But recently, margins have improved.
PayPal is now trading at a 26.7 price-to-earnings ratio which, for a tech company, is rather low.
PayPal may be a good buy right now, but only the future will tell.
Its a good idea to speak with a licensed financial advisor before making any investments decisions.
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