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#Paysafecard twitter series
Paysafe was spawned from a series of mergers that mainly include digital wallet Skrill and Neteller payment platform, which operate in over 30 countries and 120 markets combined. Risk-tolerant investors can look for opportunistic pullback levels on this newly minted stock to consider carefully scaling into a position.ĭ contributor/ via MarketBeat However, Paysafe may be one of the few that may survive and thrive as a publicly traded stock due to strong tailwinds powering growth in digital payments and iGaming. The impending dilution from the insiders, sponsor, PIPE investors and financiers often result in deep haircuts. When SPACs complete the business combination to trade under the new symbol, the underlying stocks tend to experience up to (-50%) initial sell-offs that can last from three to eight or more days. While 2020 was the year of the SPAC explosion, 2021 has been the year of the SPAC implosion as the glut of supply and shareholder dilution triggered a migration out of these overhyped vehicles. II (BFT) operated by iconic investor Bill Foley. The Company is a reverse merged business combination from special purpose acquisition company (SPAC) formerly known as Foley Trasimene Acquisition Corp. Global integrated payments platform and digital wallet Paysafe (NYSE: PSFE) stock recently started trading under its new symbol on March 31, 2021.