TLDR Tech / Fintech
PayPal pops nearly 7% on report fintech startup Stripe is weighing an acquisition
Stripe is reportedly considering buying all or some segments of PayPal's business. PayPal has struggled with growth in an increasingly competitive financial payments industry. Meanwhile, Stripe hit a $159 billion valuation on Tuesday, up from $91.5 billion a year ago. Stripe's co-founder and president, John Collison, said that the company isn't yet aiming for an IPO as that would sidetrack its current product and business growth.
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