Why PayPal's Comeback Plan Could Take Years, If It Works At All
PayPal(PYPL) Forbes·2024-06-21 18:30
With its stock down 80% from its pandemic high and its share of online payments slipping, the fintech pioneer and new CEO Alex Chriss need a win.By Jeff Kauflin, Forbes StaffThe past three years have been tough for PayPal, one of Silicon Valley’s oldest and largest fintech companies, a storied business that counts Elon Musk, Max Levchin, Peter Thiel and Reid Hoffman among its founders and early employees. Its stock has fallen 80% from the $360 billion all-time-high market value it hit in July 2021; the shar ...