Michael Burry Bets On PayPal As X Money Threat Looms — Sees Mispricing Opportunity

Michael Burry Bets On PayPal As X Money Threat Looms — Sees Mispricing Opportunity

PayPal stock jumped over 12% in the past week after Big Short's Michael Burry disclosed opening a 3.5% position in the payments giant amid growing chatter about activist involvement and competition from X Money. Burry, who is known for making a winning bet against the US housing industry during the 2008 crisis, prioritises market mechanics over the near-term business landscape. He thinks that a sell-off in software stocks due to pressure on the …