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Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover
Source: Nasdaq
M&A & RestructuringFintechInvestor Sentiment & PositioningCorporate Guidance & Outlook
PayPal shares closed at $53.66, down 12.71%, after reports that Stripe and Advent abandoned a roughly $50B takeover pursuit. The drop underscores investor skepticism around PayPal’s turnaround execution, with attention shifting from a potential strategic exit to operational progress. Sentiment is likely to remain pressured until clearer milestones emerge on the company’s recovery plan.
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