PayPal Trades Below Rejected $60.50 Offer, After $53B Safety Net
PayPal shares trade about 11% below the $60.50 offer it rejected, putting CEO Enrique Lores’ turnaround under scrutiny. After reports of a Stripe–Advent bid, stock rose nearly 30%, but investors doubted the consortium’s funding and long-term growth. The drop leaves a ~27% discount to the industry median despite upgraded 2026 profit guidance and added cost cutting.