Rumors suggest a $53 billion acquisition bid for PayPal by Stripe and Advent International.
Affirm founder Max Levchin notes a very high bar for M&A, favoring organic growth over acquisition risks.
PayPal is currently undergoing a strategic management overhaul to cut costs and stimulate growth.
The potential buyout price of $60.50 per share is well below the company's 2021 peak valuation.