PayPal Restructures into Three Units, Separates Venmo as Part of Growth Strategy

PayPal has restructured its business into three operating units, with Venmo becoming a standalone division under new CEO Enrique Lores. The move aims to simplify operations and focus on growth, potentially making Venmo easier to track or sell. The company's shares rose 2.6% following the announcement, though the stock has declined 12.7% this year.

By Reuters Wed, April 29, 2026 at 9:31 PM GMT+3 1 min read · Yahoo Finance · April 29, 2026, 18:31 UTC

Tickers: $PYPL

Topics: CEO Change Growth Strategy PayPal Restructuring Venmo

Read the full article at Yahoo Finance

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