Jul. 15 at 2:36 PM
$PYPL
PayPal jumped after Stripe and Advent reportedly offered
$60.50 a share, valuing the payments company above
$53 billion. The bid is not proof a deal closes. It is proof buyers see value in PayPal’s 430 million accounts, Venmo and merchant network. Public investors priced it like yesterday’s fintech. Strategic buyers see distribution.