Shares of PayPal Holdings (NASDAQ: PYPL) are currently down by more than 74% from their all-time high. The market is also concerned about a decline in e-commerce transactions as the world reverts to in-person shopping, the impact of eBay's transition to its own payments system, and the loss of transactions in Russia because of the ongoing Russia-Ukraine conflict. PayPal management now forecasts net revenue growth for 2022 in the range of 11% to 13%, down from its previous guidance range of 15% to 17%.
Many fintech stocks have been clobbered as Covid pandemic driven growth slows. Sector rotations and rising interest have pressured payment stocks.
When companies calculate their carbon footprint, they start with their own operations: electricity used in offices or factories, or gas for company vehicles. Then they look upstream at their supply chain, and downstream at emissions produced when customers use their products. Banks use their clients’ deposits to make loans, and since 2015 global banks have lent at least $4.6 trillion to fossil fuel companies.