fintech / news / / The Manila Times
PayPal's shares closed down 7.7 percent on Tuesday despite profit and revenue coming in above Wall Street expectations.
PayPal plans to save $1.5 billion over 2-3 years by streamlining with AI.
KEY POINTS
- 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
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