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WSJ Tech News Briefing

TNB Tech Minute: PayPal Stock Heads for Record Day Amid Takeover Bid

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 15 July 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: AT&T and Verizon are sidelining family plans for single-line bundles. And China’s DeepSeek is preparing to go public. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Deloitte expects the space economy to reach $2 trillion by 2035.

0:04.6

Jason Garzatus, CEO of Deloitte U.S., says that growth is fueled by data and its application

0:09.6

for businesses across industries.

0:11.3

What's exciting is that the data and the analytic and the commercial application of the data

0:16.1

will move to be more mainstream.

0:18.7

It will be something that organizations of any size can benefit from

0:22.3

the data that's being emitted from space that could be pertinent to their operation.

0:25.8

Visit Deloitte.com to learn how the space economy is creating new opportunities.

0:31.5

Here's your morning T&B Tech Minute for Wednesday, July 15th. I'm Danny Lewis for the Wall Street

0:36.7

Journal.

0:42.2

Stripe and buyout firm Advent International have made a joint takeover bid for PayPal.

0:46.9

People familiar with the matter say the proposed deal would value the fintech company at around $53 billion. But there are no guarantees that PayPal will be receptive. The company is in the

0:53.0

early stages of a turnaround plan after it

0:55.3

issued a profit warning back in March, stemming from sputtering growth from its key branded checkout

1:00.1

product. PayPal shares were up 19% in pre-market trading this morning on the news, on track for its

1:06.0

best day ever. After years of promoting multi-line family plans, wireless carriers, including AT&T and Verizon,

1:13.6

want more customers to go it alone. The companies are offering new cheaper single-line options

1:18.5

in hopes of gaining a new foothold with people whose needs are likely to change as they age,

1:23.0

move, add new connected devices, or may one day want a family plan of their own.

1:29.1

Carriers are also giving priority to bundled services, like combining phone and home

1:33.6

internet as a new play for customer loyalty. And Chinese AI firm Deepseek is preparing to go public.

1:40.6

People familiar with the matter say the company is discussing an initial public offering as early as the second quarter of next year.

...

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