As the week wraps up, here’s a quick look at some of the top stories that made headlines.

PayPal Negotiates Sale to Stripe, Advent

PayPal Holdings is reportedly negotiating a sale to a group including Stripe and private-equity firm Advent International, after PayPal’s board rejected an earlier $60.50-a-share, roughly $53 billion offer as too low.

“Big Short” investor Michael Burry called that bid too cheap, pegging fair value closer to $100 a share, while a prior report said PayPal’s board wants a price nearer $70. A deal could come together within weeks, though nothing is guaranteed.

Read the full article here.

Anthropic Projects $200 Billion 2028 Revenue

Anthropic is reportedly projecting $190 billion to $200 billion in revenue by 2028, far above the $47 billion annualized run rate it disclosed in May, as bankers build the case for a potential $2 trillion IPO valuation.

Bankers are benchmarking the company against Palantir and Cloudflare’s revenue multiples, though skeptics like Aleph Investments’ David Merkel question whether AI productivity gains justify such a price.

Read the full article here.

Stanley Druckenmiller Bets Big on AMZN, AMD

Stanley Druckenmiller’s Duquesne Family Office overhauled its portfolio in the second quarter, boosting its Amazon stake more than 1,000% and initiating a new position in AMD, while completely exiting Broadcom, Intel and Micron.

The firm also added Alphabet Inc., expanded into data-center plays like Bitdeer and Riot Platforms and built new positions in airlines including Delta and United Airlines.

Read the full article here.

Meta Deactivates 756,000 Australian Accounts

Meta said it has deactivated more than 756,000 Australian accounts suspected of belonging to users under 16, as it works to comply with the country’s social media ban that took effect in December.

Australia has accused platforms of setting the ban up to fail and is moving to double non-compliance penalties to about $69.75 million, with Meta, Google and TikTok executives set to appear before a parliamentary inquiry.

Read the full article here.

Elon Musk Praises China Amid Tesla-SpaceX Merger Talk

Elon Musk called China “awesome” as Cathie Wood’s ARK Invest weighed in on whether Tesla’s Shanghai operations could complicate a potential Tesla–Space Exploration Technologies Corp merger, given SpaceX’s national-security-sensitive business.

ARK said the China issue looks manageable rather than a dealbreaker and expects an announcement could come before the end of 2026, with SpaceX’s own IPO adding momentum to merger speculation.

Read the full article here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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