# PayPal's shares closed down 7.7 percent on Tuesday despite profit and revenue coming in above Wall Street expectations.

*fintech · news · 2026-05-06 · The Manila Times*

## Key points

- PayPal plans to save $1.5 billion over 2-3 years by streamlining with AI.
- The company will reorganize into three units, including a standalone Venmo division.
- PayPal has received UK FCA requests about its Visa and Mastercard digital wallet agreements.
- Recent share price declines have sparked reported takeover interest in PayPal's assets.

**Companies:** PayPal, Klarna, Stripe
**Countries:** United States, United Kingdom

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/05/07/business/foreign-business/paypal-touts-turnaround-plan-after-results-beat-fails-to-impress/2337375)

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