00:00It's Benzinga bringing Wall Street to Main Street.
00:02PayPal shares rose Wednesday afternoon, rebounding after a multi-day sell-off tied to the collapse
00:08of a potential $53 billion buyout offer, according to Benzinga. The stock fell more than 15% over
00:16the past week after a consortium led by Stripe and Advent International withdrew a proposed
00:21$60.50 per dash share takeover bid. Attention is now shifting back to PayPal's standalone
00:30strategy. CEO Enrique Loras said in July that the company still had work ahead to reclaim market
00:36share, while CFO Jamie Miller outlined cost cuts expected to generate nearly $400 million
00:42in run rate savings by the end of 2026. Shares were up 3.59% at $54.29 Wednesday.
00:51afternoon, according to Benzinga Pro data. For all things money, visit Benzinga.com.
