Emily Bary / MarketWatch:
PayPal reports Q2 revenue up 9% YoY to $6.8B, vs $6.78B est., a $341M net loss; stock up 11% on news of a $15B share buyback and Elliott Management’s $2B stake — Elliott has a roughly $2 billion investment in PayPal, cheering ‘unmatched and industry-leading footprint,’ as payments company beats earnings expectations
