PayPal Plunging Despite Increasing Crypto Holdings

PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11.
PayPal Shares Crumbling
Analysts observe that the decline in PayPal’s stock price has also resulted in a notable shift in its price-to-sales (P/S) ratio.PayPal is now down 80% from its 2021 high, its largest drawdown to date.
Its price to sales ratio has moved from a record high of 17x to a record