What is PayPal’s (PYPL) Economic Moat, and is it Widening or Narrowing?

PayPal Holdings, Inc. (NASDAQ:PYPL) trades at roughly nine times earnings, a multiple the market normally reserves for businesses it expects to shrink. The shares closed Friday at $55.04 after gaining 4.64%, leaving them about a fifth lower than a year ago. That price is itself a verdict on PayPal’s moat. The question worth asking is […]