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00:02PayPal entered a volatile period after its shares fell more than 40% over the past year
00:07and more than 20% following an abrupt CEO change, weaker fourth quarter results,
00:12and a softer outlook, according to Benzinga. The sell-off erased nearly $10 billion in market value.
00:18Bloomberg reported that potential buyers have approached the company and that it met with
00:22banks after unsolicited interest. At least one large competitor is evaluating a full bid,
00:27while others are reviewing specific assets. CEO Alex Criss stepped down and the board
00:33appointed HPCO Enrique Lors as CEO effective March 1st, naming CFO Jamie Miller interim CEO.
00:40PayPal reported branded checkout growth slowed to 1% and lowered its fiscal 2026 outlook.
00:46Shares rose by 5.76% at $44.05, according to data from Benzinga Pro.
00:52For all things money, visit Benzinga.com.
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