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PayPal Plummets as Affirm Soars | Business and Finance News
Description
PayPal’s stock plummeted 16% as a potential $10B leveraged buyout with Advent and Stripe collapsed, while Affirm surged 13% on stronger-than-expected Q4 revenue of $1.7B and solid Q1 outlook. Gap jumped 15% after naming Michael Francis as new Old Navy head (starting Nov 2) and beating Q2 earnings estimates. Elastic N.V. soared over 17% after exceeding analyst forecasts with strong full-year EPS guidance. Meanwhile, Marvell fell 8%, Rubrik dropped 5% despite meeting targets but missing margin expectations, and Autodesk slid 4% due to underwhelming earnings projections.
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