Key facts: PYPL plunges premarket; PayPal names Enrique Lores CEO
TradingView·
- PayPal shares plunged in premarket trading following reports that an Advent- and Stripe-led takeover bid was abandoned.
- The company appointed Enrique Lores as CEO, who aims to achieve about $1.5B in cost cuts through 2027.
- Strategic plans include marketing efficiency, AI integration, and a potential Venmo spin-off to fund buybacks or deals.
