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Business
Jessica Mitacek

PayPal Rejected a $53 Billion Takeover Bid: Is the Stock Undervalued?

PayPal Visa Stripe Advent Advent International eBay PYPL United States

Since its founding in December 1998, PayPal (NASDAQ: PYPL) has grown alongside e-commerce into a financial services giant. Today, the company’s market cap exceeds $50 billion. But along the way, the stock has not been kind to investors.

Following its return to public trading in July 2015 after being spun off from eBay (NASDAQ: EBAY), PayPal surged to its all-time high of $308.53 per share in July 2021. But it has been a difficult ride for shareholders, with PYPL down nearly 82% since then.

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