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Barchart
Barchart
Aditya Raghunath

PayPal Stock Is Down More Than 80% Over the Past 5 Years. Michael Burry Is Buying the Dip.

Michael Burry PayPal PYPL Jamie Miller Enrique Lores fintech MSCI Substack

The investor famous for predicting the 2008 housing crash is making another contrarian call, this time in beaten-down fintech.

When Michael Burry bets against the crowd, people pay attention. The hedge fund manager, who became a household name after his "Big Short" wager against the U.S. housing market, disclosed a new position in PayPal Holdings (PYPL) and offered a clear-eyed take on why now is the time to buy.

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