PayPal (NASDAQ: PYPL) dropped by close to 2.5% in Monday trading amid a generalized sell-off. Since its spinoff from eBay (NASDAQ: EBAY) in 2015, the fintech's stock price has surged more than 625% amid the rising prevalence of financial technology, even after a 13% drop from highs set earlier this year. Financial technology is vast in scope, and has already attracted numerous PayPal competitors to the field.
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