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PayPal at Crossroads as Another New CEO Hired for Turnaround

Paige Smith, Georgie McKay, Emily Mason
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A former executive criticized the company in a rare public display of frustration. And investors have sent PayPal’s shares down 30% since the start of the year.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:PayPal Holdings Inc., an early mover in the world of digital payments, now finds itself in a rut it can’t seem to get out of.Its customers are increasingly using other ways to pay. A former executive criticized the company in a rare public display of frustration. And investors have sent PayPal’s shares down 30% since the start of the year.

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Source: Bloomberg Technology

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