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Why activist hedge fund Elliott Management is targeting PayPal
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Payments giant PayPal finally has attracted an activist.
PayPal had been a pandemic darling as households increasingly shopped online but shares have slid more than 60% this year as people returned to their pre-pandemic 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.
That...
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