Elon Musk is Pushing PayPal into a Death Spiral

Why are so many PayPal employees reportedly selling their own shares?

Elon Musk's XMoney has reportedly signed agreements with Costco, Home Depot, and Target, with payments potentially launching at the end of July. Online merchants can start using XMoney within two weeks.

XMoney is offering merchants zero transaction fees for the first year, with fees capped at 1% thereafter, while paying up to 6% annual interest on account balances for both consumers and merchants.

Some analysts predict that PayPal's revenue could decline by as much as 25% over the next year, and some investors believe the company could enter a death spiral.

They also fear that PayPal's stock price could plunge because PayPal is not able to compete with XMoney and its Space X ecosystem.

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