PayPal ($PYPL) hosted an Innovation Day event on January 25, where they unveiled new AI-powered updates, including a cash back feature and 'Smart Receipts', as reported by TechCrunch. The event, which was streamed on PayPal's YouTube channel at 9:30 am PT, had been anticipated by Wall Street and investors, with expectations set high for groundbreaking announcements. However, the reaction to the event was underwhelming, with the stock price dropping and criticism over the lack of significant innovation. Job openings at PayPal have also slowed down, with total job openings near an all-time low and a 75% year-over-year decline, mirroring a trend seen across their competitors such as Square and Adyen. Despite the CEO's optimistic view on the monetization opportunities following the revamp, investors and analysts expressed disappointment, noting that the announcements were not the AI innovation that had been hyped. PayPal's stock suffered a 3.67% drop on the day of the announcement and has seen a nearly 25% decline over the past year.
$PYPL Lesson learnt. Any time any one at any where with any company decides to say they will “SHOCK THE WORLD”, immediately is an instant buy the rumor sell the news event. Unless by shocking they mean walking on water while juggling 5 knives singing the national anthem in…
PayPal Stock Slips Again. There Was No ‘Groundbreaking New Information.’ https://t.co/qLwVM93F6n
$PYPL "shocking the world" with . . . . "Smart Receipts." A glorified version of the "Cash Back Deals" offered by companies like BofA compliments of companies like $CDLX where hopeful investors are still waiting for $META like revenue per user, despite the fact that nobody… https://t.co/Bi2NmUSJZS https://t.co/EEZrYd2Ywg
PayPal and Venmo Unveil Six New Innovations to Revolutionise Commerce https://t.co/nvAXauRL4S via @irish_technews
From yesterday. Analysts get most of these right $pypl https://t.co/KYjEMCuWLi
Paypal, $PYPL, was down 3.67% today. Over the last year, it's down nearly 25%. https://t.co/pHsnIB0LaA
did paypal shock the world or shock the monkey? https://t.co/95DfhQZusr
Really impressed with this revolutionary new product that PayPal just launched https://t.co/7LWCS0wcNM
PayPal launching AI-powered products https://t.co/frTqRF4gdy
$PYPL word salad count during the 17-minute special call: Very telling. • "AI" - 9 times • "Revolution-ize-ary-izing" - 6 times • "Innovations" - 4 times • "Hyper" - 2 times • "We are gonna buy back a shitload of stock" - 0 times https://t.co/hxUdhzVN6M
$PYPL world salad count during the 17-minute special call: Very telling. • "AI" - 9 times • "Revolution-ize-ary-izing" - 6 times • "Innovations" - 4 times • "Hyper" - 2 times • "We are gonna buy back a shitload of stock" - 0 times https://t.co/hfWc3HrYnw
$PYPL just looks as sick as a dog ... are we surprised? No. Why? Like we told clients: when the technicals look that bad, stay away. FAR away. Looks like we saved more clients more money, again. Or made you money if you're short. Your choice really. https://t.co/VExY84rfLN
$PYPL more like KTLO than shock and awe https://t.co/ZvS7uBnMdK
Almost like they knew $PYPL would not in facts hock the World https://t.co/D2n6Ej86bJ
Bought 30 more shares of $PYPL today and sold 3 puts for $58P expiring 2/23 Total 200+ shares 🙂
$PYPL should be so embarrassed by this. Just when you think they can’t do any worse, the promote the shit out of something that ends up being what everyone else has. Oof. I keep looking at the stock and keep not buying it. Best non trade of all of 2022-23.
1 of 3 - $PYPL stock dives after "shock the world" PR today. It seems cash back offers are not the AI innovation that investors were hoping for. I agree.. have you seen $CDLX price? https://t.co/OLyom081C5
$PYPL investoooooors wondering why AI didn't work for them😢 after the CEO was responding to nobody's on twitter. Who coulda seen this dud coming 🚩🚩🚩🚩🚩🚩 https://t.co/kt9fOTNrEq
$PYPL we expected Shock and Awe, not improving their product to where it should be anyway. This is the minimum we expected. 29,900 employees now at $PYPL and the CEO was answering customer service queries on X this week. $PYPL needs to: - reduce the headcount - announce share… https://t.co/jOqOFgRfQr
PayPal CEO sees ‘huge monetization opportunity’ after revamp, but stock drops https://t.co/N1xgrB09zN
Tesla: humanoid robot 🤖 will be best product of all time, stock down 13% but Dojo swept under the rug, no guidance $PYPL: event on the 25th is going to "shock the world" ahead of earnings, why pump before earnings? https://t.co/QNxwpjRc7E
"Paypal falls on AI-based products" .. .. there goes those big launch ideas
Case study of poor investor communication. $PYPL. https://t.co/UXQWbMrn21
Never overpromise PayPal said they would shock the world today… and didn’t. https://t.co/KdGTASp87a
PayPal to pilot new AI-powered updates, including a cash back feature and ‘Smart Receipts’: https://t.co/u1jGgKDY1v by TechCrunch #infosec #cybersecurity #technology #news
Anybody got put lottos? $pypl https://t.co/rXV8bYtrKu
PayPal Unveils Flurry of Innovations. Wall Street Has Been Waiting for This. https://t.co/OnLet8YFbE
$PYPL Paypal: First Look 2024 (17 min) https://t.co/7C10ykY5Ja
$PYPL video posted. Not a live event apparently. https://t.co/8J1ZwbPNFt
PayPal $pypl web seminar starting now...
Whatever happened to the PYPL announcement?
PayPal $PYPL is going to host a Web inarticulate at 12:30pm today https://t.co/cvibeNQn5M https://t.co/FCAB1QtmdE
No shock here as $PYPL hiring continues to slow down. Total job openings are near an all-time low and are down 75% YoY, a trend common all of their competitors including $SQ and Adyen https://t.co/VEhvD42L3l
Wen Shock? $PYPL.
$PYPL INNOVATION DAY - PayPal YouTube channel, January 25 at 9:30am PT. We'll unveil what our @PayPal and @Venmo teams have been working on and will bring to market this year. And we're just getting started! 🚀 https://t.co/aUOLEQnQNA