SAN JOSE, Calif., June 20, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), effective June 24, reporting to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product ...

This isn't empty regret -- the company made a move that I didn't expect.From its spinoff from eBay in 2015 to April of this year, I was a boring buy-and-hold investor of PayPal Holdings (PYPL -1.47%) -- I acquired my position in 2015 and then I never bought or sold a single share for nearly 10 years. However, I finally sold my PayPal position because I believed that there were better opportunities elsewhere.It took roughly one month for me to start second-guessing my decision to sell PayPal. On one hand, I ...

The most recent trading session ended with Paypal (PYPL) standing at $60.64, reflecting a -1.47% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.04% for the day. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.12%.Coming into today, shares of the technology platform and digital payments company had lost 3.99% in the past month. In that same time, the Computer and Technology sector lost 2.27%, while the S&P 500 gaine ...

PayPal Holdings Inc. (PYPL, Financial) is just one of the many fintech companies that, over the past three years, have missed its numbers repeatedly. As one of the most popular payment companies offering ways to send and receive money securely, the company has sharply underperformed.Spun off from eBay (EBAY, Financial) in 2015, this business has grown impressively, doubling from 180 million users in 2015 to 380 million by 2020. The Covid-19 pandemic changed many things that year: it became trendy for paymen ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

PayPal Holdings, Inc. (NASDAQ:PYPL) RBC Financial Technology Conference Call June 11, 2024 12:00 PM ET Company Participants Jamie Miller - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Perlin - RBC Capital Markets Operator Welcome, Daniel Perlin, Analyst, RBC Capital Markets; and Jamie Miller, Chief Financial Officer, PayPal Holdings. Daniel Perlin All right. Well, good afternoon, everyone. Can you all hear me in the back? I feel like it's a little bit muted. There ...

PayPal Holdings, Inc. Conference Call Summary Company Overview - **Company**: PayPal Holdings, Inc. (NASDAQ: PYPL) - **Date**: June 11, 2024 - **Participants**: Jamie Miller (CFO), Daniel Perlin (Analyst, RBC Capital Markets) Key Points Industry and Market Position - PayPal has a formidable market position as a trusted global brand in payment processing, including services like Venmo and peer-to-peer payments [4][5] - The company is focusing on innovation and investment to enhance its market presence and address previous underinvestment [4][5] Financial Strategy and Organizational Changes - A significant reorganization of the finance team has been implemented, aligning finance with business units to improve visibility and decision-making [7][9] - The company is focusing on operational efficiency and has introduced new operating rhythms to enhance execution and accountability [7][12] Growth Initiatives - 2024 is viewed as a foundational year for investing in innovation and efficiency, with a focus on branded checkout and consumer experience [12][21] - Transaction margin increased by 4% year-over-year in Q1, driven by higher interest income and growth in branded checkout [14][17] - The company expects EPS growth in Q2 to exceed previous guidance, supported by consistent transaction margin growth [17] Product Development and Consumer Engagement - Branded checkout is a key focus, with expectations for similar growth rates as last year (6% TPV) and efforts to enhance mobile product experiences [23][25] - The Fastlane product aims to improve conversion rates by streamlining the checkout process, with early testing showing an 80% conversion rate for new users [27][28] - PayPal is enhancing its consumer app to increase engagement through personalized rewards and a more intuitive user experience [43][45] Competitive Landscape - PayPal is addressing competition from Apple Pay and others by focusing on the 60% of e-commerce transactions that do not utilize branded checkout [30][31] - The company is leveraging its strong brand and trust to capture market share in the non-branded space [31] Small and Medium Business (SMB) Strategy - PayPal Complete Payments (PPCP) is being positioned as a comprehensive solution for SMBs, with a focus on reducing churn and improving onboarding processes [35][36] - The SMB segment has significant growth potential, currently representing only 7% penetration [38] Capital Allocation and Financial Health - PayPal has a strong balance sheet with $17 billion in cash and plans to allocate over $5 billion for share buybacks this year [40][41] - The focus is primarily on organic growth and buybacks, with potential for tuck-in acquisitions in the future [41] Long-term Vision and Market Dynamics - The management team is focused on laying the groundwork for growth in 2025 and beyond, with a commitment to driving product innovation and operational efficiency [56][57] - The macroeconomic environment remains resilient, but there are ongoing discussions about potential impacts from interest rates and housing markets [59] Conclusion - PayPal is undergoing a significant transformation aimed at enhancing its market position, improving operational efficiency, and driving growth through innovation and strategic investments [60]

JPMorgan Chase has reportedly named former PayPal executive Sri Shivananda as its chief technology officer.Shivananda will take up the CTO post later this month and succeed A.J. Lang, who announced his retirement earlier this year, Reuters reported Monday (June 10), citing an internal memo.The new CTO — who held the same role at PayPal — has a record of business growth and innovation that will help JPMorgan to “tackle complex technological challenges,” Lori Beer, the bank’s chief information officer (CIO) w ...

Neil Rozenbaum has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

This dominant digital payments business is entering a new area.PayPal (PYPL 0.42%) used to be a fantastic company to own. This was until about three years ago. After reaching its all-time high price in July 2021, shares have crashed 79%. They are up just 3% this year (as of June 4). This poor performance is enough of a reason for investors to talk about what's happening with PayPal.However, besides its stock being well off its peak, this leading fintech enterprise was in the news recently because of a new i ...