Shares of Paypal Holdings Inc (NASDAQ:PYPL) ended Monday session in green amid volatile trading. The shares closed up +0.37 points or 0.96% at $38.99 with 5.05 million shares getting traded. Post opening the session at $38.85, the shares hit an intraday low of $38.65 and an intraday high of $39.34 and the price vacillated in this range throughout the day. The company has a market cap of $47.39 billion and the numbers of outstanding shares have been calculated to be 1.21 billion shares.
Paypal Holdings Inc (PYPL) recently released the results of its Digital Goods Economy Survey, which looks at the attitudes, habits and behaviors of the digital media consumer across the digital gaming (counting gaming video content) and eBook industries. The 10-market, 10,000 consumer research study was commissioned with SuperData Research in France, Germany, Italy, Japan, Poland, Russia, Spain, United Arab Emirates, UK and the U.S.
The survey results focused on purchase intent in key verticals; consumption and spending patterns; role of piracy in the digital goods economy; and the demographic nuances of age, gender and region. This research builds on PayPal’s cross-border trade consumer insights program and reveals new data on the consumption and purchases of digital goods or intangible items.
“Our research insights assist merchants of all sizes better understand how consumers are spending their time and money with digital goods, enabling them to cater to this growing audience,” said Melissa O’Malley, Director, Global Programs at PayPal. “As a digital payments leader, PayPal is committed to enabling consumers to pay quickly from almost any device with fewer screens and fewer clicks at PayPal merchants so they can start enjoying their digital content right away.”
PayPal Holdings, Inc. operates as a technology platform company that facilitates digital and mobile payments on behalf of consumers and merchants worldwide. It facilitates businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions, counting PayPal, PayPal Credit, Braintree, Venmo, and Xoom products. The company’s platform allows customers to pay and get paid, transfer and withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.