Here's what's killing PayPal's growth

PayPal is a powerhouse in the digital-payment industry with a market valuation of over $85 billion. The company's annual revenue has also seen impressive gains, reaching $27.5 billion in 2022. But the PayPal's performance in the stock market paints a different picture. After reaching new heights during the pandemic, shares have since seen significant losses. In February, PayPal also announced it would lay off 2,000 of its employees. So, what has been causing PayPal's recent struggles?