Tracked topic
… PayPal Ventures still exists on paper and has a few employees supporting its portfolio of startups. However, it has paused new investment activity — at least for now. The decision follows the departure of PayPal CEO Alex Chriss, who was replaced by Enrique Lores in February. …
… In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs to “recommit to the fundamentals,” which included “becoming a technology company again.” There was no need to read between the lines — PayPal was pitching an AI-powered turnaround. …
… PayPal, which owns Venmo, is restructuring to spin Venmo off as a stand-alone business unit — a move widely seen as laying the groundwork for a potential sale. Stripe has reportedly expressed interest in buying PayPal outright. …
… Musk brought Botha — who is also from South Africa — in to run the finance division of PayPal in 2000. …
… The new suite also includes integrations between Claude Cowork and a number of software products — like QuickBooks, Canva, Docusign, HubSpot, and PayPal. “Small businesses account for 44% of U.S. …
… The suit also notes that, in the 12 months ending in September 2025, the transactions through all the company’s connected PayPal accounts totaled nearly $700 million. …
… PayPal announced plans to cut around 20% of its workforce over the next two to three years — north of 4,500 jobs — as part of a turnaround strategy centered on AI adoption and organizational simplification. …
… Nosek is a co-founder of venture investment firm Gigafund, and a fellow PayPal mafia member. …
… Its early and aggressive bets on Elon Musk’s SpaceX — a relationship that traces back to Peter Thiel and Musk’s shared history at PayPal — are reported to have generated many tens of billions of dollars for the firm it’s one of the largest venture outcomes ever recorded . …