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San Jose, California-based PayPal Holdings, Inc. (PYPL) is a financial technology company that enables digital payments on behalf of merchants and consumers. With a market cap of $66.5 billion, PayPal’s operations span various countries around the globe.
Companies worth $10 billion or more are generally described as “large-cap stocks.” PayPal fits this bill perfectly. Given the company’s extensive operations and dominance in the fintech industry, its valuation above this mark is unsurprising.