PayPal presses on with turnaround in pivotal quarter as sale questions linger

July 28 : PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as "low-ball".The payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equity firm Advent International, Reuters reported earlier this month, citing sources.The offer is a fraction of the roughly $360 billion valuation PayPal commanded as a pandemic-era darling in 2021. The company's board considers the offer inadequate. PayPal has struggled to regain its footing after a pandemic-driven surge in online shopping and digital payments faded, as consumers returned to brick-and