PayPal Stock Crashes 18% After Stripe and Advent Abandon $50 Billion Buyout

NewsFri, 28 Aug 2026 11:31:47 UTC3 hours ago

PayPal stock has crashed nearly 18% in pre-market trading after payment giants Stripe and Advent have reportedly walked away from acquiring the company, as per Bloomberg.

This was one of the largest buyout attempts in fintech history. Advent and Stripe previously offered PayPal over $50 billion. It is no longer pursuing a transaction.

Pre-market price now trades at $50.61, roughly 18% below the $62.73 swing high set only days ago.

BREAKING: PayPal crashes -12.5% in after-hours trading after Stripe and Advent abandon their pursuit of the company in a potential $50+ billion deal, per Bloomberg.

PayPal surged over +40% this quarter on takeover speculation and stronger Q2 earnings. pic.twitter.com/DrvayC3PLo
- Bull Theory (@BullTheoryio) August 28, 2026

Why the Bid Collapse Guts PayPal's Rally

The scale of the drop makes sense once you look at what was holding the stock up.

PayPal shares had jumped more than 40% this quarter, lifting the company's market value to about $52.6 billion. That rally rested on two pillars: second-quarter earnings that topped analyst estimates, and relentless takeover speculation.

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PayPal Stock Crashes 18% After Stripe and Advent Abandon $50 Billion Buyout

Why the Bid Collapse Guts PayPal's Rally

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