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The Latest Breaking News from Dan Schulman

U.S. Consumer Spending Suggests PayPal Could Be a Contrarian Options Play

The Commerce Department reported yesterday that the economy’s annual growth rate was 4.9% in the third quarter, the fastest pace in almost two years, and more than double the second quarter.

Barchart

What Wall Street Expects From PayPal's New CEO

When PayPal Holdings reports third quarter earnings on Nov. 1, it'll give new Chief Executive Alex Chriss his first chance to lay out his turnaround strategy.

Investors Business Daily

Creating a Career With Purpose

Two CEO's tells all.

Marie Claire

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PayPal’s outgoing CEO is bullish on crypto. What will be the company’s approach under Alex Chriss, owner of 2 Crypto Hippos NFTs?

The payments giant’s long-reigning CEO, Dan Schulman, will retire at the end of 2023.

Fortune

Surprise! PayPal Picks Intuit Business Leader As New CEO

E-commerce firm PayPal has chosen an Intuit official to become its new chief executive. PYPL stock edged up on the news Monday.

Investors Business Daily

PYPL Stock: PayPal Crypto Expands Into Stablecoin Fray

Online payments giant PayPal to launch new U.S. dollar-backed stablecoin. PYPL stock surged Monday on the cryptocurrency news.

Investors Business Daily

PayPal Unveils USD-Backed Stablecoin PYUSD In Digital Payments Revamp

In a significant move to bolster the adoption of digital tokens for transactions, PayPal Holdings Inc

Zenger

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PayPal launches stablecoin after pausing development amid regulatory scrutiny

Paxos, a a white-label stablecoin maker, is the issuer of PayPal USD.

Fortune

PayPal’s Unusual Options Activity Sending Mixed Signals

PayPal’s stock is down more than 11% in Thursday trading on higher-than-average share and options volume. With the fintech’s options unusually active, it’s hard to know whether that means it’s a buy or sell.

Barchart

PayPal Earnings, Revenue Edge By Views As Analysts Pine For CEO News

PayPal reported second-quarter earnings and revenue that edged by estimates as analysts await the announcement of a new chief executive.

Investors Business Daily

PayPal CEO says A.I. is already making one of his teams 30% more productive

Dan Schulman was one of seven CEOs to weigh in on the early lessons of generative A.I.

Fortune

Business leaders are 'likely underestimating' the potential of A.I., but there is still some risk

Technology has always progressed at a rapid pace, but the last few quarters appear to have moved faster than ever.

Fortune

Pinterest CEO Bill Ready Should Be PayPal's Next CEO: Analyst

E-commerce firm PayPal should hire Pinterest Chief Executive Bill Ready as its next CEO, said a Bank of America analyst.

Investors Business Daily

CEOs are retiring, but giving up power isn’t easy

An organizational psychologist explains how boards can help CEOs keep their inner demons at bay during the difficult months they spend saying goodbye.

Fortune

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Irish Mirror

PayPal confirms office closure and 62 redundancies across Irish workforce

The announcement was made on the American multinational fintech company's website

Fortune

Who will be PayPal’s next CEO? Here are the 7 leading contenders according to fintech experts

PayPal's retiring CEO is sticking around till December, but there's already chatter about who might be qualified to step into the role.

Fortune

PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown

The reported pause follows a month of concerted federal and state regulatory actions against crypto companies.

Fortune

PayPal CEO to step down amid economic turbulence and slumping shares after years of breakneck growth

Dan Schulman joined PayPal in 2014, shortly before the company split from eBay.

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Investors Business Daily

PayPal Earnings Top Estimates, CEO Schulman To Retire

PayPal Holdings reported fourth-quarter earnings and revenue that topped views while total payment volume missed. PayPal stock rose.

Tribune News Service

PayPal chops hundreds of Bay Area jobs in fresh jolt to tech sector

SAN JOSE, California — PayPal has revealed plans for a fresh round of job cuts in San Jose, a staffing reduction that serves as a disquieting sign that the Bay Area’s tech layoffs have yet to run their course.

The Independent UK

Jacob Rees-Mogg claims PayPal indulging in ‘cancel culture’ over blocked accounts

US giant should not ‘push political opinions’, says cabinet minister after Toby Young accounts blocked

AFP

Suns sponsor PayPal won't back Sarver, union exec calls for life ban

New York (AFP) - Skittish sponsors and angry players ratched up the pressure on Phoenix Suns owner Robert Sarver and the NBA on Friday as players union chief Tamika Tremaglio called for him to be banned for life.

Tribune News Service

PayPal to drop Suns sponsorship if Robert Sarver remains owner

The pressure is mounting on Suns owner Robert Sarver. After receiving a one-year suspension for making racist/misogynistic remarks, PayPal says it will drop its sponsorship of the NBA franchise should Sarver remain the owner of the team.

AFP

PayPal won't renew NBA Suns sponsor deal if Sarver stays

New York (AFP) - PayPal president Dan Schulman said Friday the company will not renew its sponsorship of the NBA's Phoenix Suns if embattled owner Robert Sarver remains with the club after a one-year ban.

The Street

PayPal Has a Unique Band-Aid to Help Ukrainians Under Russian Invasion

The online financial payments service is one of the companies that took a stand in the Russian war in Ukraine.

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