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News  ›  GlobeNewswire Inc.

Judah Spinner's BlackBird Financial Takes Large Stake in PayPal

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Judah Spinner
Judah Spinner's BlackBird Financial Takes Large Stake in PayPal

BlackBird Financial LP has acquired a significant ownership stake in PayPal, believing the company is undervalued despite its strong market position and improving financial performance. The hedge fund supports PayPal's new CEO Alex Chriss and his strategy of disciplined capital allocation and shareholder returns.

Insights
STRK   positive

Michael Saylor, Co-Founder and Executive Chairman, is a keynote speaker, indicating prominence and leadership in the conference


PYPL   positive

BlackBird views PayPal as a dominant, cash-generative franchise with a strong competitive position, improving economics, disciplined management, and strategic AI partnerships. The firm believes the stock is currently undervalued and has significant growth potential.