Michael Burry Increases Stake in PayPal Amid Market Struggles
PayPal (PYPL) has seen its stock fall nearly 40% over the past year amid increased competition from fintech players and a broader industry downturn. Michael Burry, known for his investment insights, has boosted his stake to around 3.5%, viewing PayPal's decline as an overreaction rather than a fundamental issue.
Topics: fintech Michael Burry PayPal stock investment