Tag Archives: PayPal

By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading. On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023. “We want to be clear eye… Source link

Dan Schulman took global payments powerhouse PayPal (PYPL) to new heights during his nine-year tenure. When he announced his retirement from the position, the PayPal board needed to find a replacement who could live up to Schulman’s legacy. After a months-long search, Alex Chriss was chosen as CEO and President, effective September 27, 2023. Schulman reflects on the choice of Chriss and the transition to his successor at PayPal. While still on the board of PayPal, he expressed the need for… Source link

[unable to retrieve full-text content]PayPal tops Q3 earnings estimates under new CEO Alex Chriss  Yahoo Finance Source link

Warner Bros. Discovery (WBD): Shares fell 2% in extended trading after the company’s revenue and subscriber growth fell short. Sales for the quarter totaled $9.82 billion, weighed down by a slowdown in advertising. WBD swung to a loss of $2.31 billion, compared to net income of $156 million a year ago. HBO, HBOMax and Discovery+ added 2.8 million subscribers during the quarter, missing the street’s estimates despite the success of its “Game of Thrones” spinoff. Starbucks (SBUX): The… Source link

PayPal has backtracked on a published policy that would have fined users $2,500 for spreading “misinformation,” claiming the update had gone out “in error.” “An AUP notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We’re sorry for the confusion this has caused,” a spokesperson told National… Source link

Jakarta, Indonesia – Indonesia’s temporary ban on major websites including PayPal has exposed the difficult balancing act Jakarta faces as it seeks to both tighten control of the internet and become Southeast Asia’s next tech hub. Indonesian President Joko “Jokowi” Widodo has listed digital infrastructure as a priority under his Making Indonesia 4.0 roadmap aimed at lifting his country into the ranks of the world’s top 10 economies. But even as Widodo has pushed the digital… Source link

A protest against the Ministerial Regulation 5 in Indonesia. Photo from the Twitter post of Alliance of Independent Journalists and Remotivi Indonesia’s Ministry of Communication and Information Technology (Kominfo) blocked at least eight websites including Yahoo, PayPal, and gaming platform Steam for failing to register with the government. The mandatory registration of private electronic systems operators (ESOs) is stipulated in the Ministerial Regulation 5 (MR5) issued in December 2020…. Source link

Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media. Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data of certain users, and take down content deemed unlawful or that “disturbs public order” within four hours if urgent and 24 hours if… Source link

The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 30 (Reuters) – Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media. Registration is required under rules released in late November 2020 and… Source link

Huh?! That was the general first hot take on the news that crossed the wires Wednesday afternoon that PayPal was exploring a deal to buy Pinterest. It was a logical initial reaction as PayPal is a payments platform that happens to own Venmo and is dabbling in crypto. And Pinterest lets you lay out your dream meal on a digital vision board.  But now that the news has sunk in, some on Wall Street are starting to see some merit to the deal even if it took 10 hours.  “We see technology companies… Source link