Until 1 June, paypal had their australia etc. traffic, google trends is delayed 1 month we need to see it in august to know June and later (where drop is shown in alexa):
http://trends.google.com/websites?date=mtd&q=paypal.com
however, if traffic was moved to regional sites, then regional sites traffic should have accordingly increased, instead I see traffic stable in regional sites, and french one dropped -42% like the .com:
http://www.alexa.com/siteinfo/paypal.com.au
http://www.alexa.com/siteinfo/paypal.ca
http://www.alexa.com/siteinfo/paypal.it
http://www.alexa.com/siteinfo/paypal.de
http://www.alexa.com/siteinfo/paypal.fr
Now I wonder in what regional site the traffic gone, I tried a few and no one increased traffic really?