{
  "id": 3971146,
  "title": "PayPal Drops on Deal News; Gap Soars on Earnings | Stock Movers",
  "url": "https://urgent.news/2026/08/28/paypal-drops-on-deal-news-gap-soars-on-earnings-stock-movers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T13:38:06.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/videos/2026-08-28/paypal-drops-on-deal-news-gap-soars-on-earnings-video"
  },
  "original_language": "en",
  "account": null,
  "summary": "PayPal (PYPL) experienced a decline in its stock price after a consortium of Advent and Stripe dropped their pursuit of a potential acquisition of the company, according to sources familiar with the situation. In contrast, Marvell Technology (MRVL) shares fell following the release of its second-quarter fiscal 2027 earnings report, but still managed to surpass Wall Street's expectations regarding both profit and revenue. Meanwhile, Gap (GAP) shares saw a significant increase following the apparel retailer's announcement of revised adjusted earnings per share and adjusted gross margin outlooks for the full year. Additionally, Michael Francis was appointed as the new CEO of Old Navy, a subsidiary of Gap, following a weaker-than-anticipated comparable sales decline in the recent quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}