Dan Schulman published a farewell post to PayPal employees a day before his last day as CEO. He announced his retirement in February and helped search for his replacement. Last month, PayPal announced Intuit executive Alex Chriss would take the Read more
Nine years ago, former eBay CEO John Donahoe named Dan Schulman head of PayPal prior to the companies’ split in 2015, and in his current role as Chairman of the PayPal Board, Donahoe had a say in naming Schulman’s replacement Read more
PayPal’s Dan Schulman, who is stepping down from his role as CEO by year-end, announced the launch of a US dollar-denominated stablecoin on Monday called “PayPal USD.” Some on Wall Street believe PayPal has been too slow in selecting a Read more
Dan Schulman will retire from PayPal at the end of the year, but he will remain on the company’s board of directors, PayPal announced on Thursday. Schulman said it had been a huge privilege to lead PayPal for the past Read more
PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and Shopify. In PayPal’s case, CEO Read more
When eBay decided to take over payment-processing from PayPal, the latter made the best of the rejection by claiming it would become free to expand its payment services on other platforms. On Monday, PayPal was vindicated with the news that Read more
PayPal CEO Dan Schulman called PayPal’s third quarter one of the strongest in its history, and he summed up what’s ahead for the payments company in a post on LinkedIn when he wrote: “Going forward, we are investing to create Read more
PayPal can now issue small-business loans through the government’s SBA PPP program. These are Small Business Administration loans that help businesses keep their workforce employed during the coronavirus (COVID-19) crisis. SBA PPP stands for Small Business Administration Paycheck Protection Program Read more
PayPal committed to fund up to $25 million of interest-free cash advances to help federal government employees during the shutdown. PayPal is offering an interest-free cash advance up to $500 for federal employees through its PayPal Credit platform to pay Read more
In a letter to employees, PayPal CEO Dan Schulman revealed his priorities for the payments firm formerly owned by eBay. Not surprisingly, mobile was at the top of the list, and Schulman also reminded employees of PayPal’s mission: “democratizing financial Read more
