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PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding
The Wall Street Journal85d agoneutral
PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding

PayPal agreed to forgo approximately $30 million in transaction fees to end a Justice Department probe into allegations that the financial services company had adopted unlawful preferences for minority-owned businesses. Justice Department officials had been investigating whether the company violated a federal civil rights law that prohibits creditors from discriminating against applicants based on race. The department’s probe targeted PayPal’s $530 million plan to support Black and minority-owned businesses, which the company created in 2020, shortly after the killing of George Floyd by a police officer prompted a nationwide conversation about racial inequality.

Bigcommerce Q1 Earnings Call Highlights
MarketBeat90d agoneutral
Bigcommerce Q1 Earnings Call Highlights

Commerce.com executives highlighted accelerating gross merchandise volume growth, expanding profitability, and new product launches focused on “agentic commerce” during the company’s first-quarter 2026 earnings call. Management also addressed a recent unsolicited proposal and outlined upcoming prici

PayPal’s latest quarter leaves a bigger question
TheStreet90d agoneutral
PayPal’s latest quarter leaves a bigger question

PayPal gave investors a first-quarter report with plenty of growth on the surface, but the stock reaction showed that the market was looking deeper than revenue and payment volume. Shares of PayPal Holdings closed at $46.49 on May 5, down $3.90, or 7.74%, according to Yahoo Finance data. The stock ...

PayPal Q1 Earnings Call Highlights
MarketBeat91d agoneutral
PayPal Q1 Earnings Call Highlights

PayPal (NASDAQ:PYPL) executives used the company’s first-quarter 2026 earnings call to outline a broad transformation agenda that includes reorganizing around three core businesses, accelerating technology modernization, and launching a multi-year cost savings program, while reiterating full-year gu

PayPal (PYPL) Q1 2026 Earnings Transcript
Motley Fool92d agoneutral
PayPal (PYPL) Q1 2026 Earnings Transcript

Enrique Lores: Thank you, Steve, and thank you to everybody for joining us this morning. During my time on the Board, I developed a good understanding of PayPal's strengths, opportunities and areas for improvement.

Jobs Report, Tech Earnings: What to Watch This Week
The Wall Street Journal93d agoneutral
Jobs Report, Tech Earnings: What to Watch This Week

Investors won’t get too much of a respite from a big week trading the AI boom, with Palantir, Advanced Micro Devices, and CoreWeave reporting earnings. A bevy of data about the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.

Ex-PayPal president unveils bullish Bitcoin target
TheStreet96d agoneutral
Ex-PayPal president unveils bullish Bitcoin target

David Marcus worked as the president at fintech giant PayPal (Nasdaq: PYPL) in the early 2010s before moving to Facebook as the vice president of messaging products in 2014. During his tenure at Facebook, he was the co-creator of Diem, a failed cryptocurrency project initiated by the ...