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Home/News Feed/PayPal stock plunges 14.67% after Stripe and Advent withdraw $60.50/share acquisition offer

PYPL

$53.51

-$7.96 -12.95%

PayPal stock plunges 14.67% after Stripe and Advent withdraw $60.50/share acquisition offer

Market News

28 Aug 2026

Finbold

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Bearish

PayPal's stock dropped sharply by 14.67% to $52.45 after Stripe and Advent withdrew their $60.50 per share acquisition offer, causing the company's market value to fall from $52.58 billion to $44.87 billion. This reversal ended the summer rally driven by the acquisition news, which had lifted shares about 50% above June lows. Despite strong Q2 results and a turnaround plan, investor confidence remains low due to rising competition and past high fees. PayPal remains a key industry player, and the recent price drop may present a buying opportunity once the market adjusts.

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