30

October, 2020

Consumers react to PayPal’s Crypto announcement

Share on facebook
Share on twitter
Share on linkedin

PayPal (PYPL)

Last week we touched on a huge crypto announcement from PayPal that clears two major hurdles:

  1. Getting crypto in a usable form for retail purchases.
  2. Enabling a wide range of merchant acceptance (26 million in PayPal network).

Since the announcement, LikeFolio recorded a massive surge in positive, pent-up demand: consumers are very excited for this functionality.

 

This news makes PayPal’s earnings release next week a bit more complicated.

LikeFolio recorded a softening in Purchase Intent in 20Q3: -19% QoQ, +5% YoY. PayPal releases earnings Nov. 2 after the bell.

Netflix (NFLX) update

Yesterday Netflix announced a new price increase for it’s most popular subscription plan. It looks like NFLX learned a lesson from the $2 price hike announced in January 2019. This time, the customer outrage is looking…

Stay ahead of wallstreet, take a tour/buy now.

Get a demo at your own pace and see the power of LikeFolio data & insights for yourself.  Let’s do this!

Sign Up For Our Daily Insights

Fill in your name & email to download your complimentary report.