Shares of PayPal plunge about 20% following the company’s earnings report, marking one of the stock’s sharpest single-day declines in recent years. Investors react to weaker-than-expected results and guidance, raising concerns about growth momentum in a competitive digital payments market.
The selloff follows a disclosure last month by Nancy Pelosi, who reports selling PayPal shares worth up to $500,000. The timing draws renewed market attention, though the transaction predates the earnings release.
The sharp decline wipes out tens of billions of dollars in market value and underscores heightened sensitivity to earnings surprises. Analysts say the move reflects broader pressure on fintech stocks as investors reassess valuations, margins, and long-term growth prospects.
