Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Senkut: PayPal lost $10 billion in market cap when eBay chose Adyen

Aydin Senkut · How to build a $18B+ success story far far away from Silicon Valley with Adyen · Jun 19, 2019 · at 12:46

Aydin Senkut (founder, Felicis Ventures) discusses the market reaction when eBay chose Dutch payment platform Adyen to handle its merchant payment processing over PayPal.

0:00 / 0:10exact quote · 11.0s

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“I remember last year, the eBay announcement came out PayPal took a ten billion haircut in market value, and all of a sudden, like, my LinkedIn, email, phone, Adyen, what is this?”

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The claim, plainly

When eBay announced it was partnering with Adyen, PayPal lost $10 billion in market value.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

On January 31, 2018, eBay announced it was transitioning its primary payment processing from PayPal to Adyen. PayPal Holdings, Inc. had approximately 1.20 billion shares outstanding at the time, with a pre-announcement market capitalization of approximately $102.5 billion (closing at $85.32–$85.48 per share). Following the announcement, in after-hours trading and during the trading session on February 1, 2018, PayPal's stock dropped between 8.1% and 12%, touching an intraday low of $77.05 (a market capitalization loss of approximately $10.1 billion) and closing at $78.40 (a net decline of approximately $8.30 billion). The loss in market value immediately following the announcement aligned directly with the round estimate of approximately $10 billion.

eBay announced its partnership with Adyen after market close on January 31, 2018.
PayPal had approximately 1.20 billion shares outstanding as of December 31, 2017.
During after-hours and intraday trading on February 1, 2018, PayPal shares dropped as much as 11% to 12% to an intraday low of $77.05, representing an immediate market value drop of approximately $10.1 billion.
PayPal stock closed on February 1, 2018, down 8.11% ($6.92 per share), representing a net single-day closing loss of $8.30 billion in market value.

Checked against

[1] latimes.com [2] wikipedia.org [3] businessinsider.com [4] sec.gov [5] paypal-corp.com [6] businessinsider.com [7] paymentsindustryintelligence.com

"PayPal" "shares outstanding" "10-K" "2017" "2018" "1,200" OR "1,202" OR "1,205" PayPal market cap loss eBay Adyen January 31 2018 February 1 2018 PayPal shares drop eBay Adyen February 1 2018 market value billion

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Adyen eBay PayPal

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Senkut: PayPal lost $10 billion in market cap when eBay chose Adyen

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