In a long post on X, Marcus spoke about several flaws in PayPal, a San Jose-based fintech giant, across its history. Marcus left PayPal in 2014 and has since worked at Coinbase and Meta. He has also founded a payments company, Lightspark, where he is now CEO. He said he had woken up to messages from former PayPal colleagues, which pushed him to "finally speak up."
PayPal Holdings (NASDAQ:PYPL) just did something nearly unheard of in Silicon Valley: it poached a sitting CEO from another public company. Enrique Lores, who led HP Inc () through six consecutive quarters of revenue growth, is now PayPal's new chief executive as of February 3, 2026. This wasn't a quiet retirement transition or a graceful succession plan. This was a raid.
When PayPal launched almost three decades ago, the company made its name as one of the world's first fintechs. Now, PayPal faces a slew of competitors, from the payments colossus Stripe to Big Tech giants like Apple. "One of the challenges when you are at a certain scale and you've been around for a while is the very classic innovator's dilemma," Alex Chriss, the president and CEO of PayPal, told Fortune.
Picture this: You're browsing for a new place to play online bingo. The welcome bonus looks good, the games seem varied enough, and the reviews are decent. You create an account, then reach the payment page. There's that familiar blue PayPal logo staring back at you. You click it without a second thought because, well, that's just what everyone uses, isn't it?
You're on your MacOS device, shopping for a holiday gift for your loved one. You find the perfect item and decide it has to be purchased. You go through the shopping cart process and decide to pay with PayPal. You click the pay button, and nothing happens. Nothing. You click the pay button again, and nothing happens. Again and again and again... with no results. What gives?
Players today expect fast, secure and familiar ways to move money in and out of their accounts, making a case for trusted platforms like PayPal. Many of the best PayPal casinos have gained loyal followings precisely because they offer seamless transactions, minimal processing delays and strong buyer protection measures. And, of course, if players find such experiences, they will likely become loyal.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) gained 1.76% over the past month after losing 3.41% and 11.12% the two months prior. That brings the payment processor's year-to-date loss to more than 20%. However, the stock is up nearly 20% since its 52-week low on April 8. When PayPal reported Q2 earnings on July 29, it beat on both top and bottom lines. EPS was $1.40 versus an expected $1.30, and revenue was $8.29 billion versus an expected $8.08 billion.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) plummeted 11.12% over the past month after gaining 4.23% the month prior. That brings the payment processor's year-to-date loss to 21.62%. However, the stock is up 17.66% since its 52-week low on April 8. When PayPal reported Q2 earnings on July 29, it beat on both top and bottom lines. EPS was $1.40 versus an expected $1.30, and revenue was $8.29 billion versus an expected $8.08 billion.
"Paying for a hotel has traditionally been the most fragmented part of travel-search one place, book another, pay somewhere else. With PayPal, we're collapsing all of that into a single flow embedded directly into AI-powered experiences like Perplexity."
PayPal should have removed the charge the moment you flagged it. The company promises to monitor every transaction 24/7 to prevent fraud, email phishing, and identity theft.
PayPal's new Agent Toolkit integrates its API suite with AI frameworks, enabling developers to streamline workflows like order management and invoice generation without complex setups.
