Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, managing director in the technology investment banking group at Piper Sandler, discusses the market moves with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, managing director in the technology investment banking group at Piper Sandler, discusses the market moves with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter, as new Chief Executive Officer Enrique Lores seeks to reduce costs and turn around the payments company.
PayPal employed around 23,800 people at the end of the year, meaning a workforce reduction of that size could eliminate more than 4,500 jobs. It’s part of the company’s plan to realize at least $1.5 billion in savings over the next two to three years, a
PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter, as new Chief Executive Officer Enrique Lores seeks to reduce costs and turn around the payments company.
PayPal employed around 23,800 people at the end of the year, meaning a workforce reduction of that size could eliminate more than 4,500 jobs. It’s part of the company’s plan to realize at least $1.5 billion in savings over the next two to three years, according to a statement Tuesday. Bloomberg's Diksha Gera joins Bloomberg Intelligence to discuss. (Source: Bloomberg)
Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. received letters from a Washington antitrust regulator warning the firms not to deny customers access to services based on their political or religious views.
Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. received letters from a Washington antitrust regulator warning the firms not to deny customers access to services based on their political or religious views.
Visa Inc. and MasterCard Inc. signage at a food vendor in New York, US, on Wednesday, Jan. 28, 2026. Visa Inc. and MasterCard Inc. are both scheduled to release earnings figures on January 29. Photographer: Michael Nagle/Bloomberg
PayPal Holdings Inc., the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, according to people familiar with the matter. The shares jumped as much as 9.7% on the news.
PayPal Holdings Inc., the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, according to people familiar with the matter. The shares jumped as much as 9.7% on the news.
PayPal headquarters in San Jose, California. Photographer: Justin Sullivan/Getty Images
PayPal Holdings Inc., the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, according to people familiar with the matter. The shares jumped as much as 9.7% on the news.
PayPal Holdings Inc., the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, according to people familiar with the matter. The shares jumped as much as 9.7% on the news.
PayPal headquarters in San Jose, California. Photographer: Justin Sullivan/Getty Images
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss, whose turnaround plan failed to meet targets and streamline the sprawling payments business.
The shares tumbled as much as 19%, the biggest intraday drop in more than four years, after the CEO announcement and a separate statement showing fourth-quarter profit and revenue missed analysts’ estimates. Bloomberg's Diksha Gera joins to discuss. (Source: Bloomberg)
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss, whose turnaround plan failed to meet targets and streamline the sprawling payments business.
The shares tumbled as much as 19%, the biggest intraday drop in more than four years, after the CEO announcement and a separate statement showing fourth-quarter profit and revenue missed analysts’ estimates. Bloomberg's Diksha Gera joins to discuss. (Source: Bloomberg)
PayPal Holdings Inc. this week applied to become a bank in the United States in a move that the fintech company hopes can unlock long-term monetization opportunities. Bloomberg News Consumer Finance Reporter Paige Smith and Bloomberg Intelligence Global Fintech and Payments Analyst Diksha Gera break down the decision and discuss whether other companies plan to follow suit. Paige and Diksha join Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
PayPal Holdings Inc. this week applied to become a bank in the United States in a move that the fintech company hopes can unlock long-term monetization opportunities. Bloomberg News Consumer Finance Reporter Paige Smith and Bloomberg Intelligence Global Fintech and Payments Analyst Diksha Gera break down the decision and discuss whether other companies plan to follow suit. Paige and Diksha join Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
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