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PayPal excites investors as partnerships deliver strong growth

Q1 results above projections indicate CEO's strategy to convert into a digital wallet is working

Published Thu, Apr 27, 2017 · 09:50 PM
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Seattle

PAYPAL Holdings Inc chief executive officer Dan Schulman is getting investors to embrace his strategy of converting the online payments platform into a digital wallet, even if it requires deal-making that diminishes profit margins.

The company reported first-quarter results on Wednesday that appear to show that Mr Schulman's strategy is working, and raised its annual forecast.

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