Did you see this news about PayPal? It seems like the folks there are moving behind the scenes. According to sources, the company is not negotiating a sale to Stripe or anyone else, but has been working with investment banks for a few months to prepare for possible hostile bids or activist shareholders. The situation has become tense because the stock price has dropped significantly, leaving PayPal's account and the entire company in a more fragile position. They say this preparation started back when Alex Chriss was CEO, the former CEO who left earlier this year. It's kind of interesting to see a payments company like PayPal having to defend itself this way, right? What's coming up?

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin