Paypal's New CEO and Focus on Core Business

Paypal has a new CEO, Alex Chris, who recently had his first earnings call. Despite being only 30 days into the job, Alex's first impression to shareholders was optimistic. He acknowledged the potential of Paypal's business while addressing the concerns and errors made in the past which have impacted the company's market perception. One key issue highlighted is the lack of granular key performance indicators (KPIs) that investors need to assess the business. However, it appears that Paypal is working to provide more transparency in this regard. Alex emphasized the importance of focusing on the core strength of Paypal, which is payments, and whittling down the cost structure. This shift in focus and awareness of investor concerns is encouraging for the company's future growth.