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CEO Alex Chriss told analysts the company's AI-heavy product rollouts won't improve financial results in the near-term.
February 7 -
PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.
February 2 -
PayPal, which employed around 29,900 workers at the end of 2022, announced a similar round of cuts last January.
January 30 -
As new CEO Alex Chriss streamlines the payment company's strategy, 2024's first major product rollout stresses data-driven, personalized connections between merchants and consumers.
January 25 -
These executives have taken charge at firms like PayPal, Discover and Early Warning Servcies during a volatile time for the entire industry.
January 5 -
Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.
December 29 -
The e-commerce giant will no longer support the P2P app as a payment option, despite PayPal's long-established hopes for a valuable relationship.
December 7 -
Alex Chriss, the new chief executive, says the firm aims to reverse its stock slump by assessing its business to favor its best-performing products.
November 2 -
The firm's investors include Visa and PayPal, as well as the Teacher Retirement System of Texas
September 18 -
Wells Fargo leads $70 million funding effort targeting credit-challenged entrepreneurs; PayPal adds Tap to Pay for Venmo, Zettle; Amex names new CFO to succeed retiring veteran finance chief and more in this week's banking news roundup.
June 30