PayPal just saw a major slowdown on a metric closely watched by investors. Soon, HP veteran Enrique Lores will be tasked with turning the company around.

PayPal Holdings made a splash Tuesday as it attempts to engineer a turnaround, replacing CEO Alex Chriss with current HP Inc. Chief Executive Enrique Lores. Lores, who has served as HP’s CEO since 2019,

Key Takeaways PayPal shares sank sharply Tuesday morning after the company missed fourth-quarter estimates and gave a weaker-than-expected outlook. The company also announced a new CEO.PayPal pointed to weakness in its branded checkout operations,

PayPal (NASDAQ:PYPL) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations. Adjusted earnings came in at $1.23 per share, below the $1.

PayPal Holdings stock tumbled 16% in Tuesday premarket trading after the fintech issued disappointing guidance, delivered weaker-than-expected Q4 earnings and rev