5 Biggest Gig Economy Companies In The World

02. PayPal Holdings, Inc. (NASDAQ:PYPL)

Market Capitalization as of November 3, 2022: $96.66 billion

Number of Hedge Fund Holders as of Q2, 2022: 97

PayPal Holdings, Inc. (NASDAQ:PYPL) is a fintech company that specializes in online payments and offers gig workers business management services. It is one of the most significant gig economy stocks because many organizations offer freelance contracts and pay the underlying service providers using PayPal. PayPal Holdings, Inc. (NASDAQ:PYPL) was founded in 1998 and is based in San Jose, California. PayPal Holdings, Inc. (NASDAQ:PYPL) operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. PayPal Holdings, Inc. (NASDAQ:PYPL) provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company’s payments platform allows consumers to send and receive payments in approximately 200 markets and approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

On November 4, Barclays analyst Ramsey El-Assal lowered his price target on PayPal Holdings, Inc. (NASDAQ:PYPL) to $100 from $125 and kept an Overweight rating on the shares.