PayPal withdrew branding from London's 2026 Wireless Festival. The move follows the announcement of Ye, formerly Kanye West, as headliner. PayPal cited Ye’s past controversial and antisemitic remarks.
The company previously provided early ticket access as a payment partner for the Live Nation U.K. event. Pepsi, Diageo, and Rockstar Energy also pulled support for the festival.
PayPal shares fell over 1% in pre-market trading. This decline continues a broader downward trend from recent months.