… In April, Lores made the first moves in his turnaround plan , including an executive shuffle and splitting the business into three operating models: checkout solutions and PayPal, consumer financial services and Venmo , and payment services and crypto. …
… In a sign of this program’s value to Lucid, the company has created a new business unit called Lucid Technologies that will be led by chief digital officer Kai Stepper. …
… PayPal is still busy with its AI-focused turnaround , which included a restructuring exercise to streamline its operations into three segments: checkout solutions and PayPal; consumer financial services and Venmo ; and payment services and crypto. …
… Asked if separating Venmo into its own business meant the company would be open to selling it, Lores said that, for now, this is what made the most sense in terms of the turnaround plan. …
… While the company’s approach is similar to private equity, there is one key difference: Bending Spoons has no plans to sell these businesses. …
… The company also plans to leverage more AI tools under the hood to help deliver improved results, but cautioned this would not mean Bumble was becoming an “AI-driven experience.” Though Bumble beat on earnings in Q2, it’s still in a turnaround phase. …
… Nevertheless, Match still appeared to be bullish on its Tinder turnaround efforts. …
… Sean O'Kane Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. …
… I’m ditching my “Little bird” section this week to dive into SpaceX , its IPO, and the situationship in the Elon Musk business universe. …
… Rebecca Bellan Rebecca Bellan is a senior reporter at TechCrunch where she covers the business, policy, and emerging trends shaping artificial intelligence. …
To show you the most relevant results, we’ve omitted some entries very similar to those already shown. Repeat the search with the omitted results included.