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Sources: PayPal is separating Venmo into its own standalone unit and is looking to recruit a digital banking executive to run the new Venmo segment

PayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm's reporting lines to separate Venmo …

CNBC Hugh Son

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Discussion

  • @iankar_ Ian Kar on x
    about 8 years too late tbh
  • @stocksavvyshay Shay Boloor on x
    $PYPL is separating Venmo into a standalone business unit under new CEO Enrique Lores. The move makes Venmo easier to track and potentially easier to sell as takeover interest circles PayPal. [image]
  • @dr_crossroads @dr_crossroads on x
    $PYPL One of the things that former CEO Alex Chriss did was integrate the siloed aspects of PayPal's business into a whole unit. This was necessary. PayPal had failed to digest and accelerate past acquisitions, to the extent that Pay With Venmo competed directly with branded
  • Hugh Son Hugh Son on linkedin
    🚨 Scoop: PayPal is restructuring — and putting Venmo at the center  —  PayPal is reorganizing its business to separate Venmo …
  • r/wallstreetbets r on reddit
    PYPL to sell Venmo.  Calls?