Motley Fool Money PayPal Turns Around (Slowly)
Apr 30, 2024
Matt Frankel, an investment analyst specializing in market trends, teams up with financial contributor Alison Southwick to discuss PayPal’s promising turnaround under its new CEO, Alex Chriss. They explore innovative moves like launching a stablecoin and enhancing fraud prevention, while contemplating the company’s focus on small businesses. Additionally, they offer advice on preparing for meetings with financial advisors, stressing the importance of asking the right questions to find trustworthy guidance.
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PayPal's Efficiency Focus
- PayPal's new CEO, Alex Chriss, is focusing on efficiency and profitability.
- Revenue grew by 9%, while earnings per share grew by 27%.
Chriss's Zoom Comparison
- Alex Chriss called out Zoom for stagnating, using them as a cautionary tale.
- He prefers a deliberate, straightforward approach.
Chriss's Background and Critique
- Chriss, formerly Intuit's CEO, prioritizes small and medium-sized businesses.
- He criticized PayPal's previous disjointed strategy, including the abandoned Pinterest acquisition.