Six days of war, 10 rationales

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Six days of war, 10 rationales

Six days of war, 10 rationales The Atlantic · Marie-Rose Sheinerman and Isabel Ruehl The administration has laid out a buffet of reasons for Operation Epic Fury — take your pick. 

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5 controversies defining Kristi Noem before her ousting at DHS

5 controversies defining Kristi Noem before her ousting at DHS USA TODAY · Eduardo Cuevas Her tenure has had controversies ranging from her pets and government contracts, to defending the killing of U.S. citizens by federal agents. 

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Congress is considering abolishing your right to be anonymous online

Congress is considering abolishing your right to be anonymous online The Intercept · Taylor Lorenz The bipartisan push to remove anonymity from the internet is ushering in an era of unprecedented mass surveillance and censorship. 

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The 2 billionaire enemies behind the prediction market boom

The 2 billionaire enemies behind the prediction market boom NPR · Bobby Allyn There’s one word Kalshi CEO Tarek Mansour is loath to say: Polymarket. 

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Is the door closing on first-generation homebuyers?

Is the door closing on first-generation homebuyers? dwell · Elizabeth Santos First-time home buyers in 2025 were just 21 percent of all buyers, a historic low. 

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One man's quest for the end of the world started on a ranch in Texas

One man’s quest for the end of the world started on a ranch in Texas texasmonthly.com · Andrew Logan A Texas businessman believes he was divinely chosen to help usher in the Second Coming, by getting unblemished red heifers to Israel. 

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Camel pageant thrown into chaos after hump-plumping scandal

Camel pageant thrown into chaos after hump-plumping scandal the-independent.com · Ellie Muir 20 competitors were disqualified from the Camel Beauty Show Festival in Oman after their owners boosted their humps and Botoxed their faces. 

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Video: How one farm raises the rarest, most expensive mollusk in America

Video: How one farm raises the rarest, most expensive mollusk in America Eater · Emily Venezky If you’ve ever ordered an abalone dish at a restaurant in the U.S., that pricy sea snail probably came from this farm in Santa Barbara, Calif. 

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Why Chewy Barrientos is racing a Tesla Cybertruck across the desert

Why Chewy Barrientos is racing a Tesla Cybertruck across the desert theautopian.com · Brian Silvestro He’s tackling the Mint 400, a grueling 400-mile race, in a heavily modified Cybertruck with a maximum 335-mile range. 

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Every Grammy winner for Album of the Year, ranked

Every Grammy winner for Album of the Year, ranked billboard.com · Andrew Unterberger See where Bad Bunny’s recent AOTY winner ranks on our list of the 68 albums to take home the Grammys’ top prize. 

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SI MMQB: Free Agency Forecast

 

Welcome back to The MMQB newsletter.

The NFL offseason is heating up, with the franchise tag window closed and free agency right around the corner. 

Albert Breer wrote about why Kyle Pitts Sr. and George Pickens will likely play on the franchise tag in 2026 in his Tuesday notes. Conor Orr unpacked the Colts’ decision to transition tag Daniel Jones, while Matt Verderame listed the franchise tag deadline winners and losers. 

Ahead of Monday’s legal tampering period, Verderame looked back at the top free agent signings of 2025, while Gilberto Manzano analyzed every team’s hits and misses from last year’s free agency. 

We start, though, with a look ahead, with Manzano listing one free agent every team should sign. 

Free Agency

Joe Camporeale/Imagn Image

One Free Agent Every NFL Team Should Sign

By Gilberto Manzano

The free agency frenzy is around the corner, with the legal tampering period set to begin on Monday. 

But before we get there, let’s assess which top free agents each team should pursue. There’s still plenty of star power even after the franchise tag deadline came and went on Tuesday. 

Daniel Jones won’t be available for quarterback-needy teams because the Colts used the transition tag on him, but Kyler Murray will soon be available after he announced that the Cardinals informed him of his release. 

From our top 50 free agents list, here’s one external free agent each NFL team should chase come Monday. Murray wasn’t on the list, but we can swap him for Jones, who was listed at No. 7 before being tagged.  

READ MORE FROM MANZANO 

Grace Hollars/IndyStar/USA TODAY NETWORK via Imagn Images

Colts’ Decision to Transition Tag Daniel Jones Is Full of Red Flags

By Conor Orr

The Colts and Daniel Jones agreed to the transition tag on Tuesday, loosely binding the team and player on a one-year deal worth $6 million less than the franchise tag threshold for NFL quarterbacks. 

And while that most likely means that this is a placeholder while the team simultaneously tracks Jones’s progress from a season-ending ACL injury and ties said progress into a longer-term deal—while also trying to fit Jones’s No. 1 wide receiver, Alec Pierce, into the Colts’ long-term financial plan given that Pierce is a top-rated free agent—it also may be the precursor to a fatal error by the franchise.

Immediately following the news, a handful of red flags about Indianapolis’s decision emerged. 

For one: This is one of the more quarterback-starved offseasons in recent memory. The Steelers, Vikings, Cardinals, Dolphins, Jets, Browns, Raiders and Falcons all need some degree of help at the position. In theory, Atlanta, Minnesota and Pittsburgh offer just as much of a chance of reaching the playoffs as the Colts. All three are coached by established quarterback minds who would run quarterback-friendly systems. The Falcons and Vikings both have equal or superior weapons than the Colts. Arizona is coached by Mike LaFleur, who comes from the same Rams coaching tree as Kevin O’Connell. There is absolutely a world where Jones’s agents are skilled and talented enough to drum up a market for him with one of these teams that forces the Colts to pay above and beyond the transition tag threshold (a transition tag guarantees the signing team a right of first refusal on a contract offer but no draft pick compensation). If the team aims to save money by using the transition tag, it will almost assuredly eat into the savings once a competing offer comes in. 

READ MORE FROM ORR 

Mark J. Rebilas/Imagn Images

Why Kyle Pitts Sr. and George Pickens Will Likely Play on the Franchise Tag

By Albert Breer

Franchise tags were due at 4 p.m. ET on Tuesday, and going into the day, just two teams had filed them: The Falcons tagged tight end Kyle Pitts Sr., and the Cowboys franchised wide receiver George Pickens.

I’d say, in both cases, there’s a good chance those guys will wind up playing on the tag in 2026, rather than on new long-term deals. And while their circumstances aren’t identical, the idea is mostly the same. With both players, it would be understandable if the team wanted to see another year of evidence that what happened in 2025 was sustainable.

In Pitts’s case, this is purely an on-field thing. After a promising rookie year in 2021, a knee injury the following season set his career back, both in needing to have the knee drained regularly in 2023 and in the effect that had in his development. By 2024, he was in a platoon with Charlie Woerner. And then in 2025, after failing to hit even 700 yards or five touchdowns in three consecutive seasons, he went for 88 catches, 928 yards and five scores.

READ MORE FROM BREER 

Mark Hoffman/Milwaukee Journal Sentinel/USA TODAY NETWORK via Imagn Images

2026 Free Agency Needs for All 32 NFL Teams

By Gilberto Manzano 

NFL teams couldn’t wait until free agency opened to address their roster holes. 

We’ve already seen two trades involving the Texans this week and there was a rare player-for-player swap between the Jets and Titans last week. But, except for a couple of announcements about imminent releases (Kirk Cousins, Kyler Murray), we still haven’t seen official movement from the quarterbacks. 

Expect many quarterbacks to be on the move in the coming weeks. There are at least seven teams that we counted as having a critical need at the position. 

With that said, here are the biggest roster holes for every team to fill ahead of free agency, which begins Monday with the legal tampering period. 

READ MORE FROM MANZANO 

Kevin Jairaj/Imagn Images

2026 Franchise Tag Deadline Winners and Losers

By Matt Verderame

Pencils down. The franchise tag window has slammed shut, with only four tags being placed in the two weeks teams had to utilize them. 

Three players got the non-exclusive tag: Falcons tight end Kyle Pitts Sr., Cowboys receiver George Pickens and Jets running back Breece Hall. That tag means an outside organization can still offer a contract but must surrender two first-round picks if the tagging team doesn’t match. In other words, don’t expect any offers soon, guys.

The Colts, meanwhile, placed the transition tag on quarterback Daniel Jones.

With the tag window closing, here’s a look at who came out of the situation doing well, and who should be fretting about what did, or didn’t, take place.

READ MORE FROM VERDERAME 

Jim Dedmon/Imagn Images

Every NFL Team’s Hits and Misses From Free Agency in 2025

By Gilberto Manzano

We’re a few days away from the legal tampering period for free agents to negotiate new contracts. But before we get there, let’s take a look at what happened last March for the free agency frenzy and how it ultimately shaped the 2025 season. 

At the time, there were mixed reviews for the Seahawks signing Sam Darnold, but now they’re Super Bowl champions. 

As for the Packers, they thought they were a few players away, splurging for guard Aaron Banks and cornerback Nate Hobbs. That didn’t exactly work out last year. 

Free agency is always a crapshoot, so let’s see which signings were hits and which were misses. Here’s one of each for all 32 teams. 

According to NFL Network’s Ian Rapoport, the two sides have agreed to terms on a trade that will send right tackle Tytus Howard from Houston to Cleveland in exchange for a fifth-round pick. In addition, Howard will receive a new three-year, $63 million contract extension. 

Here’s a look at what the move means for both clubs.

READ MORE FROM MANZANO  

Around the league

 

• Matt Verderame: Top 10 NFL Free Agent Signings of 2025

• Gilberto Manzano: Rams-Chiefs Trade Grades: Star CB Will Maximize Matthew Stafford’s Window

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💿 ‘Music In Me’ Climbs to #8 on Billboard!

MARCH 5, 2026

What a week! #2 on iTunes. #8 on Billboard.

There is a tremenous energy behind this album. I felt it from the moment the title track, “Music In Me”, was written. That song was a turning point, opening a new chapter for me – one filled with curiosity and purpose. 

Keith and I, along with an incredible team of support, were able to create the album we have always wanted to. And it’s doing the things I’ve always dreamed of:

Whenever these accolades come our way, it is with such gratitude that I get to share it with the people who make this all possible. Thank you for downloading, sharing, and listening!


BUY A SIGNED CDSTREAM “MUSIC IN ME”

Vinyl date push back…

…but not to fear

Even though the vinyl ship date has been pushed back by at least a month, I’m sweetening the deal. If you placed an order, check your email! Choose a free merch item of your choice upon shipping, plus a signed “Music In Me” poster. This goes for new orders, as well!ORDER YOUR VINYL            ships in April

TIX for TONIGHT:

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Thursday, March 5, 2026

Peter,

Which former Chicago outfielder led the world in triples the only year he received MVP votes?

Hint: #1 In his antepenultimate game as a major leaguer, he received a standing ovation after slamming a fan to the ground.

Hint: #2 Some people have said that his very name is an oxymoron.

Wednesday’s question answered:

Q. Whose votes denied pitcher Jose Fernandez the distinction of a unanimous Rookie-of-the-Year vote.

Hint: #1 He has won both a bronze and a silver medal international competition.

Hint: #2 The only time he made a major league All-Star team, he was a starter.

A. YASIEL PUIG  [B-R Bio]

– Ans. For the 2013 NL ROY, 4 votes were for Puig. The remaining 26 were for Fernandez.

– #1 Puig won a bronze medal at the 2008 World Junior Baseball Championship. He also played for Cuba at the 2011 World Port Tournament in Rotterdam, Netherlands, where the team was 2nd.

– #2 Puig started in RF for the NL in the ASGin 2014.

FCR – Scott Morissey, Hamilton, Ontario

~ D. Bruce Brown

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Bible Study 8:00 AM PST 03/07/2026

Hello All,

Please join us, our Zoom Link is below for this Saturday’ssession at 8:00 AM PST 03/07/2026. I am blessed by the presence of each one of you in my life. We show gratitude to God by “giving thanks in all circumstances …” [1Thess. 5:18a]

We will continue our study of Matthew. [Matt. 5, 6, 7] These chapters are the very basics of Jesus’ teachings. He articulated them in a single teaching spoken in a relatively short period of time, a single lecture if you will. He then spent the next three years explaining what He said. WE should all reflect on that for a moment. We have thought about that before as we work our way through them. There is no rush, we do not want to miss any important elements of His teachings. In this study session we will review [Matt. 6:5-14]. It is here that Jesus lays out the proper manner we are to pray. This is a portion of the Similitudes.

It is my prayer that you are able to join us.

Love, hank

Zoom Link:
For Study, Prayer and Fellowship – 8:00 AM PST 03/07/2026:
https://us02web.zoom.us/j/82968961343?pwd=LzcwVjJKcWVESDRURlhDcXlNV0JUdz09
Meeting ID: 829 6896 1343
Passcode: 77299ere:

Bible Study Notes:

 

The Lord’s Prayer

 

The Ten Commandments, The Lord’s Prayer, and The Apostle’s Creed are foundational documents of our Christian faith. If we had no other documents, books or writings, in our daily lives, if we believed and adhered to the teachings contained in these three documents we would be assured of salvation. That is a strong statement, but as we explore what each is saying and study their words in the context of our faith, we may agree. The Lord’s Prayer/Our Father. [Matt. 6:9-13]

 

This prayer comes from Jesus Himself:

           Introduction – Our Father, who art in heaven, [Matt. 6:9]

This is the introduction and Jesus is inviting us to believe that God is our true father and we are His true children. Thus, we may ask these things as a child

would ask his earthly father.

1.     hallowed be thy name; [v. 9]

We know God’s name is holy and we pray that we keep it holy. We keep it holy when we teach His Word with truth and purity. We also ask that God help us to live holy lives according to His Word. We also pray that if anyone teaches or lives contrary to God’s Word or profanes Him, we ask God to protect us from them. 

2.     thy kingdom come, [v. 10]

God’s kingdom comes without us, but we pray it comes to each of us. His kingdom comes when we are given the Holy Spirit. We ask for His grace to believe His Word and lead godly lives on earth and for all eternity.

3.     thy will be done, on earth as it is in heaven. [v. 10]

God’s good and gracious will is done without us, but we pray it may be done    among us. God does this when He hinders every evil plan of the world and of our sinful nature. Evil does not want us to say God is holy or let His kingdom come to us. He strengthens and keeps us in His Word and faith until we die. 

4.     Give us this day our daily bread, [v. 11]

God gives daily bread to everyone without our action, including those who are evil. We ask God to lead us, to believe this and to be thankful daily for the opportunities that are granted to us by our Father. Daily bread means all of our support and needs: food, shelter, clothes, shoes, land, animals, money, stuff, devout spouse, children, workers, leaders, good weather, peace, Government, health, self-control, reputation, friends, neighbors and etc., etc.

5.     and forgive us our trespasses, as we forgive those who trespass against us; [v. 12]

Trespass means sin. We ask that God not look at our sins and thus deny our prayer. We know we are not worthy nor deserve what God gives us, but we know He gives all things His grace. We know we sin too much and deserve to receive punishment. Thus, we should forgive and happily do good to those who sin against us.

6.     and lead us not into temptation, [v. 13]

     God tempts no one! We pray God guard and keep us so the devil, the ‘world’ and     

our sinful nature may not deceive us or mislead us into false belief, despair, vice or shame. We pray we will overcome them all and win eternal victory.

7.     but deliver us from evil. (Sed libre nos a malo) [v. 13]    

We pray our Father, in heaven, rescues us from the evils that afflict our body and soul, possessions and reputation. When our last hour comes, give us a blessed end and graciously take us from this valley of sorrow to be with Him in heaven.

                  Amen – Yes, it shall be so.

 

10/03/23 – Bonhoeffer – Lord’s Prayer [Matt. 6:5-8, 9-13]

“Lord, teach us to pray!” So spoke the disciples to Jesus. In doing so, they were acknowledging that they were not able to pray on their own; they had to learn. “To learn to pray” sounds contradictory to us. Either the heart is so overflowing that it begins to pray by itself, or it will never learn to pray. But this is a dangerous error, which is widespread among Christians today, to imagine that it is natural for the heart to pray. 

 

We then confuse wishing, hoping, sighing, lamenting, rejoicing—all of which the heart can certainly do on its own—with praying. But in doing so we confuse earth and heaven, human beings and God. Praying certainly does not mean simply pouring out one’s heart. It means, rather, finding the way to and speaking with God, whether the heart is full or empty. No one can do that on one’s own. For that, one needs Jesus Christ. 

 

The disciples want to pray, but they do not know how they should do it. It can become a great torment to want to speak with God and not to be able to do it, having to be speechless before God. In such need we seek people who can help us, who know something about praying. 

 

If someone who can pray would just take us along in prayer, if we could pray along with that person’s prayer, then we would be helped! Certainly, experienced Christians can help us here a great deal, but even they can do it only through the one who alone must help them, and to whom they direct us if they are true teachers in prayer, namely through Jesus Christ. If Christ takes us along in the prayer which Christ prays, if we are allowed to pray this prayer with Christ, on whose way to God we too are led and by whom we are taught to pray, then we are freed from the torment of being without prayer. 

 

Yet that is what Jesus Christ wants; he wants to pray with us. We pray along with Christ’s prayer and therefore may be certain and glad that God hears us. When our will, our whole heart, enters into the prayer of Christ, then we are truly praying. We can pray only in Jesus Christ, with whom we shall also be heard. Therefore, we must learn to pray. 

 

The child learns to speak because the parent speaks to the child. The child learns the language of the parent. Thus, we learn to speak to God because God has spoken and speaks to us. In the language of the Father in heaven God’s children learn to speak with God. Repeating God’s own words, we begin to pray to God. We ought to speak to God, and God wishes to hear us, not in the false and confused language of our heart but in the clear and pure language that God has spoken to us in Jesus Christ. God’s speech in Jesus Christ meets us in the Holy Scriptures. 

 

If we want to pray with assurance and joy, then the word of Holy Scripture must be the firm foundation of our prayer. If we want to pray with assurance and joy, then the word of Holy Scripture must be the firm foundation of our prayer. Here we know that Jesus Christ, the Word of God, teaches us to pray. The words that come from God will be the steps on which we find our way to God.  AMEN 

 

To be continued:

HJH Lord’s Prayer: 11/04/2020; amended 06/30/2025; 02/23/2026.

Bonhoeffer: 10/08/23; amended 02/23/2026. Bonhoeffer, Dietrich, 02/04/1906 – 04/09/1945, Neo-orthodox theologian.

Words: 1298

Love, hank

Hank Hohenstein, OFS

Land Steward

161 Osprey Vista

Shady Cove, OR 97539
Cell: 541-973-5442

hankhohenstein@gmail.com

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SMX: The Rare Earth Security Tech

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From our partners at SmallCaps Daily

From Australia to the U.S.: How SMX Shields Critical Minerals Amid Rising Iran-U.S. Conflict

As global tensions surge, particularly between the United States and Iran, nations are acutely aware that supply-chain certainty is a critical pillar of national security. Rare earth minerals, vital for everything from defense systems to renewable energy technologies, are at the center of this strategic struggle.

Australia, with its substantial reserves, is uniquely positioned to support U.S. demand—but only if traceability and verification can be guaranteed. There is where SMX (Security Matters) Public Limited (NASDAQ: SMX)enters the equation. SMX has a molecular identity technology rises to this challenge, embedding a secure, permanent digital signature into each material that survives all stages of processing and transformation.

This innovation allows stakeholders to confirm the origin, authenticity, and full lifecycle of rare earths, eliminating reliance on fragile paperwork or vulnerable certificates.

SMX’s solutions provide more than material authentication—they offer a safeguard against the growing threats of geopolitical conflict, industrial sabotage, and supply-chain disruption. By enabling governments, manufacturers, and investors to track materials in real-time, SMX fortifies defense supply chains, critical infrastructure, and high-security assets against risk.

Its presence in Southeast Asia, a hub of regional stability and trade, positions SMX as a trusted partner for global operations requiring resilience and transparency. As tensions in Iran escalate, SMX is not just securing materials—it is securing national interests, ensuring that essential minerals reach U.S. shores safely and reliably.

See how SMX is redefining rare earth security in an age of conflict


Just For You

PayPal Stock Halted on Stripe Rumor: Why the Narrative Just Changed

Author: Jeffrey Neal Johnson. Article Published: 2/25/2026. 

Stripe and PayPal logos chained together, highlighting reports of a potential Stripe acquisition of PayPal.

Key Points

  • A report that Stripe is in preliminary talks to acquire some or all of PayPal triggered a volatility halt and a fast re-rating in PYPL shares.
  • The valuation gap between PayPal’s public market cap and Stripe’s private valuation helps explain why investors see meaningful upside in a deal scenario.
  • The timing—during PayPal’s leadership transition—increases the odds that the board will seriously weigh strategic alternatives, including a transaction.
  • Special Report: [Watch] FREE STOCK PICK for Elon Musk’s Starlink SuperIPO(From Paradigm Press)

The end of February shattered the silence surrounding PayPal (NASDAQ: PYPL) stock. For months, investors watched shares drift lower after a disappointing fourth-quarter earnings report and tepid guidance for the year ahead. The narrative painted the fintech pioneer as a value trap destined for slow growth — until a volatility halt froze trading screens across Wall Street.

PayPal stock triggered a Limit Up/Limit Down (LULD) circuit breaker on Feb. 24, 2026, pausing activity as buy orders flooded the market. The catalyst was a Bloomberg report that payments giant Stripe is in preliminary talks to acquire some or all of PayPal. When trading resumed, shares closed up 6.72% at $47.01. Volume spiked to nearly 200% of the daily average, suggesting institutional participation rather than only retail speculation.

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This episode represents a material shift in how the market values PayPal. At roughly a $43 billion market capitalization, the company looked priced for no growth. Interest from a major competitor, however, indicates PayPal’s strategic worth may be far higher than the share price implies. The rumor has effectively put a floor under the stock, turning it from a turnaround story into a high-stakes arbitrage opportunity.

Math Problem: $159 Billion vs. $43 Billion

The financial contrast between public- and private-market valuations is stark. Stripe’s most recent funding and secondary-market activity imply a valuation near $159 billion, while PayPal’s public market cap sits around $43 billion. That gap highlights a major disconnect in how fintech assets are being priced.

  • Stripe: Valued at ~$159 billion. Dominates backend merchant processing but lacks a direct consumer app.
  • PayPal: Valued at ~$43 billion. Dominates the consumer wallet with 400 million+ active accounts but has struggled with checkout growth.

Combining Stripe’s merchant infrastructure with PayPal’s consumer ecosystem would create an end-to-end payments powerhouse. Smart-money investors look past near-term headwinds in branded checkout growth and focus on PayPal’s massive user base and roughly $6 billion in free cash flow, trading at a price-to-earnings ratio (P/E) near 8.7x. That multiple is bargain-basement territory for a tech company, usually reserved for businesses in terminal decline — not one generating billions in cash.

Consider the data synergy: Stripe knows what merchants sell; PayPal knows who buys. Together, they would close the loop between ad impression and final transaction in a way Alphabet (NASDAQ: GOOGL) and Meta (NASDAQ: META) have pursued for years. That strategic potential helps explain the market’s positive reaction to the rumor.

The Leadership Void: Why Strike Now?

The timing of the rumor is unlikely to be accidental. PayPal is navigating a sensitive leadership transition: incoming CEO Enrique Lores, formerly of HP (NYSE: HPQ), is scheduled to take the reins on March 1, 2026. That interregnum — the period between one regime ending and another beginning — creates a window of vulnerability.

Interim CEO Jamie Miller is competent, but interim leaders are typically limited in making sweeping strategic moves or rebuffing credible buyout approaches without board involvement. An acquirer like Stripe may see an incentive to move before Lores can consolidate a standalone strategy or reorganize the business in ways that would raise the acquisition price.

Investors now face two plausible scenarios for Lores:

  1. The Dealmaker: Lores arrives with a mandate to maximize shareholder value quickly, potentially negotiating a sale or monetizing assets (for example, spinning off Venmo).
  2. The Defender: Lores fights to keep PayPal independent, arguing his turnaround plan will generate more value than any buyout premium.

Either way, the mere presence of a bidder forces the board to objectively reassess the company’s value, which typically benefits the share price.

The Bidding War: Who Else Is Watching?

If Stripe is digging into the books, other industry players likely won’t sit on the sidelines. A takeover signal opens the door to a competitive auction.

  • Major Banks: Banks have capital but generally lack the consumer-facing tech stack for a seamless wallet. Buying PayPal would provide an instant, plug-and-play consumer relationship, even if integration proves messy.
  • Private Equity: Financial buyers prize cash flow. A leveraged buyout could allow a PE firm to take PayPal private, restructure away from quarterly scrutiny, and potentially break the company into higher-value parts.

A sum-of-the-parts analysis suggests selling Venmo separately while keeping the core processing business could unlock value well above $47 per share. Venmo’s high engagement and younger user base alone could command a valuation that accounts for a large portion of PayPal’s current market cap.

The Floor Is In: Options Traders Make Their Move

Options market activity reinforces the bullish shift. After the halt, there was aggressive buying of call options for late-February and March expirations, indicating traders are paying a premium for rights to buy stock at higher prices — a bet that momentum will continue or that a deal announcement is imminent. That flow suggests the market expects volatility to resolve to the upside.

Technically, the rumored interest establishes a more concrete support level. Before the news, shares were trading near $38, a price reflecting a worst-case scenario. With M&A on the table, the $38–$40 range now functions as a floor. It is unlikely the stock will revisit those lows while a buyout remains plausible; any dip is likely to attract buyers seeking the spread between the market price and a potential offer.

Regulatory scrutiny is a legitimate risk. The Federal Trade Commission (FTC) would examine a deal of this scale, especially one combining Stripe and PayPal. Still, for traders focused on near-term returns, the announcement of an offer typically drives the stock to near the offer price regardless of eventual antitrust outcomes. Whether the transaction closes months or years later is a separate consideration, but the immediate re-rating creates the trading opportunity.

Asymmetric Upside: The New Rules for PayPal Stock

Tuesday’s events have materially rewritten PayPal’s investment case. The story has shifted from execution and margin recovery to asset realization and strategic consolidation. Downside risk is now cushioned by the company’s cash generation and the knowledge that deep-pocketed suitors are circling.

For investors, the risk/reward looks attractive. A deal would deliver immediate, substantial upside. If no deal materializes, the stock still appears undervalued and will be managed by a new CEO focused on unlocking shareholder value. The market has signaled that PayPal is too cheap to ignore, and the circuit-breaker halt was the alarm that brought attention back to the opportunity.


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