Paypal is great at being a consumer portal, linking their dedicated users to all the payment solutions they may not need. We saw that why they sold off their assets to Synchrony before by using its capital to really spin up this business. It's created value, but again, this is not the core offering of the business. So I'm excited to see them take some of this cash, put it towards share buybacks instead of becoming a much bigger banking business.
DraftKings wants to consolidate the sports betting market, but it still has a long road to profitability. (00:14) Ricky Mulvey and Nick Sciple discuss:-PayPal selling off more than $40 billion of buy now, pay later loans.
-The payment processor's capital allocation strategy. -The DraftKings bid to buy a rival operator. -Why sports betting companies have a customer stickiness problem.
Plus, (12:20) Alison Southwick and Robert Brokamp answer listener questions about 401(k)s, investing, and cash management.
Companies/tickers mentioned: PYPL, KKR, AFRM, DKNG, TQQQ
"Women Power Rule Breakers - A Sparks Conversation" event registration https://fool.zoom.us/webinar/register/WN_BbdTqNGmQXKbWOx_zlb7bw#/registration
Host: Ricky Mulvey Guests: Nick Sciple, Alison Southwick, Robert Brokamp Engineers: Tim Sparks, Rick Engdahl
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