Mastercard stock price drops below $500 as viral AI report hits payment names
Mastercard shares fell 5.7% to $498 in after-hours trading Tuesday, with about 6.3 million shares changing hands. Visa dropped 4.5% and American Express slid 7.2% in the same session. The declines followed a widely circulated report warning of AI-driven job losses and margin pressure. Mastercard also announced a remittance partnership with Triple-A and the sale of SessionM to Capillary Technologies for $20 million.