$PYPL

Does he own it?

No first-person ownership language anywhere. PYPL appears only as a cautionary example of a broken value/turnaround/dividend stock, a mocked retail blowup, or a payment processor threatened by stablecoins. He repeatedly contrasts it against names he favors (semis, megacap AI). No add, no long, no weight.

His thesis

He treats PYPL as a poster child for failed value/dividend/turnaround investing: deeply down over the year, repeatedly crashing on earnings, buybacks failing to support the price. He argues percent-fee payment processors and card networks face long-term disruption from stablecoins and AI-agent payments. He steers capital toward profitable hyper-growth and semis (NVDA, META, GOOGL, semis, Samsung/SK Hynix) instead, calling PYPL the kind of contrarian trap to avoid.

How his view evolved

Consistently negative throughout. Early tweets cite it as a value-trap crash; mid-period mocks a leveraged retail loss and flags stablecoin/AI disruption risk; latest declares its value/dividend bulls effectively extinct this cycle.

Key points

• Used purely as a cautionary value-trap example, never a held position
• Flags structural disruption risk to payment processors from stablecoins/AI agents
• Prefers semis and megacap AI over turnaround plays like PYPL

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $PYPL on X ↗