PayPal Holdings (PYPL) was spun-off from E-Bay (EBAY) in July of 2015. From that IPO date through July of 2021 it was a market darlingAs a "left-to-right" growth stock, it often commanded extremely high price-to-earnigsAt the all-time peak of about $310, its multiple stood at 88-times that year's final earnings per shareFast forward to August 2023...
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