Falling tech stocks may be the story of the moment in US markets but PayPal — ever the Silicon Valley pioneer — was suffering before it was cool. Slowing growth and the competitive threat from AI started spooking its investors long ago.
At their low point this month, PayPal shares were down almost 90 per cent from their peak, turning the company into a potential takeover target. Stripe is one company that has taken a preliminary look, Bloomberg has reported. For all its recent issues, PayPal retains a massive network and several trusted brands. It would be particularly valuable to a buyer that could turn it into a beneficiary, rather than victim, of the AI wave.
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