In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
For example, Statista estimates PayPal’s total transaction volume grew from $285.45 billion in the first quarter of 2021 to $310.99 billion in the second quarter of 2021. Additionally, PayPal’s total transaction volume grew from $221.73 billion in the second quarter of 2020.
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These are the earnings reports to watch because they will show us what to expect from the entire sector. Massive growth in Amazon’s revenues will indicate that the pain and disruption in brick and mortar retail is far from. Continued revenue growth at PayPal and Facebook will demonstrate that fintech and social media can still pay off.
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