Warren Buffett’s Berkshire Hathaway is in talks to buy a stake in PayPal (PYPL) according to market chatter.
PayPal stock went up by 1.75% after rumors started circulating on social media about Buffett’s PayPal (PYPL) stake.
PayPal (PYPL) and Buffett rumors on Twitter:
Here’s what users are saying about it:
Another said, “$PYPL on watch on vague rumors Warren Buffett’s Berkshire could have picked up a stake”
“Nice, Buffett must have been impressed with @PayPal’s #bitcoin and crypto launch that 3x exceeded expectations!”, tweeted user Mika Dudas.
Here is one more tweet on it, “Buffet $PYPL stake makes sense. He has to migrate out of that crazy legacy banking portfolio. Welcome to 2010 Warren”
The rumors and chatter started after user Walter Bloomberg first tweeted about it:
$PYPL Rumors Buffett
— *Walter Bloomberg (@DeItaone) November 16, 2020
Nothing about Buffett’s stake in PayPal (PYPL) is officially confirmed yet. We will update this post as soon as we see more development in this story.
Another news that could have made PayPal stock go up this morning is, “CVS has now started accepting QR code payments from PayPal and Venmo”.
One more PYPL related news states, PayPal Holdings Inc (PYPL) cryptocurrency partner Paxos’s itBit exchange trading volume jumped a whopping 500% to $26.57 million on November 13 from around $4.5 million a month ago, according to CoinGecko data.