PayPal fires CEO Alex Chriss as branded checkout falters

"All told, given the disappointing results/guidance and unexpected management change, we're not surprised to see shares down materially," JPMorganChase said in a research note. "The results add fuel to the bear thesis that PayPal will struggle to maintain share in the market.""The results and guidance are much weaker than what were already low buy-side expectations," Jeffries analyst said in a research note, adding PayPal's outlook implies no improvement in branded checkout performance.The reported earnings ...