NEW YORK, NY / ACCESSWIRE / August 23, 2017 / According to a new report, PayPal is under some backlash for helping hate fueled websites use its platform to make money. The company announced yesterday however that it will work to stop this. Pandora shares soared after a Morgan Stanley analyst reiterated an "overweight" rating and was optimistic about the company's new leadership under former Dish Network executive Roger Lynch.

RDI Initiates Coverage on:

PayPal Holdings, Inc.
https://rdinvesting.com/news/?ticker=PYPL

Pandora Media, Inc.
https://rdinvesting.com/news/?ticker=P

PayPal Holdings, Inc.'s shares closed up 2.42% on nearly 6 million shares traded. According to a new report, the online-payment company has been found to be the "top tech provider" to 23 websites that according to the Southern Policy Law Center and Anti-Defamation League, are purveyors of hate. The report has claimed that more than half of these websites has been helped by PayPal and other companies to make money from ads, donations, and other revenue channels. ProPublica had said, "At least 10 tech companies played a role directly or indirectly in supporting these site." The report even said that one of PayPal's clients is JihadWatch, which writes negative things about the Muslim community. PayPal announced on Tuesday that it would work to stop websites related to hate, violence, or racial intolerance from using its platform for payments or donations.

Access RDI's PayPal Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PYPL

Pandora Media, Inc.'s shares closed up 6.05% on Tuesday after a Morgan Stanley analyst reiterated an "overweight" rating on the stock. Analyst Benjamin Swinburne has said that Pandora has a "competitive" advantage in ad-supported radio and that the company's new CEO Roger Lynch could "drive healthy upside." Lynch was just announced as the company's new CEO last week and was a former executive at Dish Network. Swinburne commented, "Focus will undoubtedly help. With shares just over 1x '18E revs, any tangible signs of improvement should drive healthy upside," he explained. He wrote, "New CEO Roger Lynch begins in mid September, but we do not expect a major deviation from the path that SiriusXM Chairman Greg Maffei and to some extent Pandora CFO Naveen Chopra have outlined, specifically a focus on where Pandora has a competitive advantage - ad- supported radio."

Access RDI's Pandora Media, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=P

Our Actionable Research on PayPal Holdings, Inc. (NASDAQ: PYPL) and Pandora Media, Inc. (NYSE: P) downloaded free of charge at Research Driven Investing.

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