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PayPal Investor Day Targets Are ‘Ambitious.’ The Stock Is Falling.
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PayPal Holdings kicked off its Investor Day on Tuesday with a flurry of news about both products and the financial outlook, but Wall Street was skeptical. First up: A new merchant platform called PayPal Open, which unifies many of its offerings including Braintree, Complete Payments, and Hyperwallet. “With PayPal Open, businesses, including developers and partners, will easily be able to discover and integrate commerce enablement tools, ranging from payments to financial services to risk solutions, from the PayPal ecosystem,” the company said in a press release.
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