PayPal Shares Lost 73% in Six Years After Crypto Wallet Launch
Photo: TokenPost
A $1,000 investment in PayPal shares on the day the company announced its crypto wallet was worth $268.41 six years later, after the stock fell 73%. The comparison uses the shares’ closing prices on Oct. 21, 2020, and Oct. 21, 2026. PayPal closed at $213.07 on Oct. 21, 2020, and $57.19 on Wednesday, Oct. 21, 2026, at 4 p.m. ET (20:00 UTC). The initial investment would have bought about 4.6933 shares. The price-return calculation excludes fees, taxes and dividends. PayPal announced its digital-wallet cryptocurrency service on Oct. 21, 2020.
Source: TokenPost
