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https://www.barrons.com/articles/paypal-stock-price-activist-elliott-stake-51658906075
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Payments giant
PayPal
finally has attracted an activist.
PayPal
(ticker: PYPL) had been a pandemic-darling as households increasingly shopped online but shares have slid more than 60% this year as people returned to their prepandemic spending habits. Earlier this year, the company cut its 2022 earnings forecast, which led to the company’s worst one-day selloff in its history as a publicly traded company.
