{
  "id": 4039804,
  "title": "Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover",
  "url": "https://urgent.news/2026/08/28/stock-market-today-aug-28-paypal-falls-13-after-stripe-and-advent",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T20:40:44.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/stock-market-today/2026/08/28/stock-market-today-aug-28-paypal-falls-13-after-stripe-and-advent-abandon-usd50b-takeover/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On August 28, PayPal Holdings (PYPL) experienced a significant 12.71% decline, closing at $53.66. The drop came after reports that Stripe and Advent International withdrew their proposed $50 billion takeover bid. Investors are closely monitoring the situation, focusing on PayPal's ability to execute its turnaround strategy. Trading volume surged to 35.9 million shares, more than quadruple its three-month average of 16.0 million shares.\n\nFounded in 2015, PayPal has seen a 46% growth since going public. The broader market also experienced declines, with the S&P 500 (SNPINDEX:^GSPC) falling 0.27% to 7,710 and the Nasdaq Composite (NASDAQINDEX:^IXIC) dropping 0.52% to 26,402. Peer companies in the digital financial technology sector, such as Fiserv, closed at $53.18, up 1.14%, following a guidance cut earlier in the month that highlighted margin pressure within the group.\n\nAdvent International and Stripe had initially teamed up to pursue a $53 billion acquisition of PayPal. However, their bid was abandoned, causing PayPal's stock to return to near its 50-day moving average.",
  "summary": "Shares plunged 12.71% on Friday as the reported acquisition pursuit collapsed, removing deal premium support, today, Aug. 28, 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Advent, Stripe abandon US$50 billion pursuit of PayPal: sources",
        "url": "https://urgent.news/2026/08/28/advent-stripe-abandon-us-50-billion-pursuit-of-paypal-sources",
        "published": "2026-08-28T03:10:40.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover",
        "url": "https://urgent.news/2026/08/28/stock-market-today-aug-28-paypal-falls-13-after-stripe-and-advent-4041692",
        "published": "2026-08-28T21:00:44.000Z"
      }
    ]
  },
  "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."
}