INVESTOR ALERT

PayPal Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the PayPal Class Action Lawsuit - PYPL

Robbins Geller Rudman & Dowd LLP announces that purchasers of PayPal Holdings, Inc. (NASDAQ: PYPL) common stock between February 3, 2021 and February 1, 2022, inclusive (the “Class Period”) have until December 5, 2022 to seek appointment as lead plaintiff in the PayPal class action lawsuit. Captioned Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund v. PayPal Holdings, Inc., No. 22-cv-05864 (D.N.J.), the PayPal class action lawsuit charges PayPal and certain of its top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the PayPal class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-paypal-holdings-inc-class-action-lawsuit ...

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail]. Lead plaintiff motions for the PayPal class action lawsuit must be filed with the court no later than December 5, 2022.

CASE ALLEGATIONS: The PayPal class action lawsuit alleges that PayPal throughout the Class Period touted the growth in its Net New Active Accounts (“NNAs”) and instructed investors to value the high growth in this metric as one of the most important indicators of how PayPal was performing.

But as the PayPal class action lawsuit alleges, while touting its NNA growth, PayPal failed to disclose that many of the additional users acquired through its cash account creation incentive campaigns were illusory because those incentive campaigns were easily susceptible to fraud. Specifically, PayPal failed to disclose that its cash incentive campaigns significantly increased PayPal’s susceptibility to bot farms that were able to systematically take advantage of PayPal’s $10.00 account opening by creating millions of illegitimate accounts, which ultimately generated no future revenue for PayPal. In addition, the PayPal class action lawsuit alleges that investors were unaware of the lengths PayPal was going to keep inactive customers and fake bot accounts on the platform to prevent churn and inflate its NNA guidance which would have provided a more realistic view of the true demand for PayPal’s platform.