PayPal shares are trading higher after the company introduced teen accounts for Venmo.
Portfolio Pulse from Benzinga Newsdesk
PayPal's shares are trading higher following the introduction of teen accounts for its subsidiary, Venmo.
May 22, 2023 | 6:30 pm
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POSITIVE IMPACT
PayPal shares are trading higher due to the introduction of teen accounts for Venmo, potentially expanding its user base.
The introduction of teen accounts for Venmo is a positive development for PayPal, as it expands the potential user base and increases the platform's reach. This could lead to higher revenues and growth for the company, which is reflected in the higher trading of PayPal shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100