PayPal Drops 12% Overnight on Dead Stripe Deal: Portfolio Manager Thomas Hayes Says Board Saved 'Meaningful Upside' by Blocking 'Inadequate Offer'
PYPL drops 12% as Stripe abandons its buyout deal. Discover why Thomas Hayes praises PayPal's board for saving 'meaningful upside.'
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Why It Matters
PayPal's stock fell sharply because a company called Stripe decided not to buy it. Some experts think PayPal's board made a good choice by saying no to a deal they thought wasn't fair enough.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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