PayPal Tanks After Earnings Miss: Could Elon Musk’s X Be the Lifeline?

PayPal (NASDAQ:PYPL) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations. Adjusted earnings came in at $1.23 per share, below the $1.29 consensus estimate, while revenue reached $8.68 billion against forecasts of $8.79 billion. The shortfall stemmed from softer consumer spending and slower growth in its branded checkout business, which rose just 1% year-over-year. For 2026, PayPal guided for adjusted profit to decline in the low single ...