PayPal Faithful Hope New CEO Can End Stock Freefall: Tech Watch

Nov. 1, 2023, 1:37 PM UTC

Investors still harboring bullish hopes for PayPal Holdings Inc. are looking for a catalyst in the firm’s first earnings report under its new CEO on Wednesday afternoon.

Alex Chriss is tasked with arresting a slump in which the e commerce firm’s stock has fallen 28% this year, putting it on course for its third-straight annual drop. The decline has puzzled bulls who see value in the firm’s long-term potential as a payments leader.

Some are calling for a return to discipline after some ill-fated acquisitions under previous CEO Dan Schulman, including the $4 billion acquisition of online coupon site ...



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