PayPal CEO says seeing ‘strength that’s beyond what we expected’ in Q1-to-date

While speaking last night at the Morgan Stanley Technology, Media & Telecom Conference, PayPal CEO Dan Schulman stated in part, according to a transcript of the event: "In terms of kind of the economy and e-commerce, I said a month ago when we reported Q4 that the quarter was off to a strong start. And here we are about a month later, and I would reiterate that again. I think across our business, we’re seeing strength that’s beyond what we expected. Both branded checkout is accelerating. Unbranded, it’s doing quite well. So we’re either beginning to see the beginning of a turn of e-commerce. The inflation cooling slightly. Maybe discretionary spend coming back. Maybe our products really taking an impact in the market."