PayPal Stock Falls Despite an Earnings Beat. Here's What Has Investors Worried
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Enrique Lores had an ambitious turnaround plan for the payments company. Now, one of its rivals has lobbed a buyout offer.
Netflix shares are trading down more than 10% premarket after the company issued a third-quarter revenue forecast that raised concerns about its growth. The decline took off in earnest last year when Netflix was exploring a bid for Warner Bros. Discovery’s studio and streaming service. Netflix joins a list of other companies—including PayPal—whose stock soared during the pandemic and the following years, only to stumble as investors' attention turned to other areas of the market.
The corporate venture arm ends after 10 years and 80 investments.
Elon Musk once gave SpaceX less than a 10% chance of surviving.
WASHINGTON, May 12 (Reuters) - PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "
The FCA’s move comes amid rising digital wallet usage in the UK.
PayPal Holdings, Visa and Mastercard are under investigation by U.K. authorities for anticompetitive conduct related to PayPal's digital wallet. The Financial Conduct Authority, the finance regulator in the U.K., said Wednesday that it "has reached no conclusions nor made any findings" that competition law had been broken. Shares in Visa and Mastercard fell 1% and 1.4%, respectively, while PayPal shares were down about 0.33% as the broader market surged.
Block, Coinbase, PayPal, Crypto.com, and others are tying job cuts to AI as investors question real efficiency gains.
The cuts, totaling about 4,760 jobs, are part of a $1.5 billion savings program announced alongside a drop in first-quarter profit
First-quarter layoffs totaled 217,362, according to outplacement firm Challenger, Gray & Christmas, a level 56% lower than the January-to-March period last year. In the first quarter, private-sector layoffs were down 1%. Here’s how this year’s job cuts are stacking up.
PayPal shares fell 8% Tuesday after the company's CEO said that he thinks PayPal is falling behind other financial services companies. Chief Executive Enrique Lores, who joined the company in March, said he wants to cut down on what he sees as unnecessary layers of the business to spend more on AI and becoming a technology leader.
All three major US stock indexes were up in late-morning trading Tuesday, as oil prices slid despite
PayPal (PYPL) said it was targeting at least $1.5 billion in cost cuts over the next few years, whil
PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?