Shares of $PayPal(PYPL.US)$ edge slightly higher in premarket, but still down about 9% this week as noise surrounds its recent consideration to acquire social media company $Pinterest(PINS.US)$ in a $45B deal.
PYPL is also down roughly 10% M/M, trading at its lowest level since mid-May, but rises 14.2% in the past year.
Regarding the potential Pinterest acquisition, Truist analyst Andrew Jeffrey said the deal makes "zero sense" and may create conflict with the digital payments platform.
In addition, The Wall Street Journal recently said that PYPL's almost 5% decline on Thursday could put the potential deal in jeopardy since much of the purchase price would be in the form of its own stock.
In other recent news, PayPal along with some of its big tech competitors have been ordered by the Consumer Financial Protection Bureau to hand over information regarding their payment platforms.
Previously, (Sep. 28) PayPal stock continues to slide, but still outperforms S&P this year.

$PayPal(PYPL.US)$ great company at a discount nonetheless! The fundamentals of the company has not changed, so I see no reason to sell my existing positions