Rumors of PayPal acquisition drive narrowing declines in Affirm and Block stock prices

2026-02-24 10:35:20

Investing.com – On Monday, Affirm Holdings (NASDAQ: AFRM) and Block (NYSE: XYZ) narrowed their declines after reports that PayPal is attracting potential buyers interested in acquisitions.

The two stocks had fallen sharply earlier in the day due to concerns over artificial intelligence disruption, but their declines eased after Bloomberg reported that PayPal is attracting acquisition interest following a drop in stock price that wiped out nearly half of its market value.

Block’s stock fell 4%, while Affirm declined 6%, despite briefly soaring after the PayPal acquisition report. Earlier, these stocks had declined, following a scenario analysis report from Citirini Research that explored potential risks from rapid AI development.

The acquisition speculation around PayPal provides some relief for the broader fintech sector, which has been under pressure from concerns that artificial intelligence could disrupt traditional payment processing and lending models.

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