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-0.00106737967914441 0.00320855614973274 0.00213475935828881 0.00427807486631022 0.00684491978609626 0.00406417112299476 0.00597005347593582 0.00964064171123005
Stock impact report

PayPal pops nearly 7% on report fintech startup Stripe is weighing an acquisition [CNBC]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: CNBC
PayPal's stock has plummeted over the last year as it faces slowing growth and mounting competition in the digital payments market. Stripe hit a $159 billion valuation on Tuesday and said it was on track to reach an annual run rate of $1 billion this year. In this article Thomas Fuller | SOPA Images | Lightrocket | Getty Images PayPal 's stock surged nearly 7% on Tuesday following a report that fintech startup Stripe is weighing buying the payments platform. Bloomberg reported the news , citing people familiar with the matter, and said the discussions are in early stages. The report said Stripe is considering buying all or some segments of PayPal's business. The news comes a day after reports that buyer interest has picked up in the company following its recent stock slump. PayPal and Stripe declined to comment on the report. PayPal, which is grappling with slowing growth in an increasingly competitive financial payments industry, has plummeted more than 19% since the Show less Read more
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