Recent Honey controversy a bearish warning for $PYPL
Posted: Dec 23, 2024
- Honey is accused of stealing affiliate commissions from influencers
- PayPal's brand could suffer if controversy escalates
- Honey is expected to generate $200 million in revenue in 2019
- PayPal's diverse portfolio may mitigate effects on stock value
- Short-term sentiment is bearish on PayPal stock, curious about other investors' opinions
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While several users believe PayPal's reputation won't be heavily impacted by the Honey controversy, there are notable concerns regarding potential legal and ethical implications, as well as the potential for negative media coverage to affect stock performance. Summarized comments: - Some users feel the Honey controversy is not well-known enough to significantly impact PayPal's reputation. - Concerns are raised about Honey's potentially legal loopholes, but some believe the financial impact on PayPal will be negligible. - The controversy is perceived by some as a typical corporate strategy to boost profits, potentially seen as positive by investors. - Discussion about Honey's practices being within legal boundaries despite seeming unethical to some. - Speculation about media and influencer coverage potentially affecting PayPal's stock performance. - Overall, some users maintain confidence in the PayPal stock despite the controversy. Stock tickers discussed: $PYPL
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