$PYPL shares are down 80% from their 2021 peak. Market cap dropped from 360 to 50 billion 🫣
And now the rescue came. Stripe and Advent offered 53 billion, $60.50 per share, a 28% premium. PayPal's management still rejected it as insufficient.
The question is whether the 80% drop is a deserved correction of the COVID bubble, or a company the market undervalued. Checkout is stagnating, Venmo is growing at 34%, but margins aren't budging.
Do you own $PYPL shares? How do you think this all pans out?