PayPal's Rapid Innovation Shift

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How PayPal's new CEO is reinventing the firm as it goes beyond payments

Summary

Nutrition label

79% Informative

PayPal CEO Alex Chriss says the company is moving too slowly.

Chriss has overhauled the entire leadership team, bringing in outsiders such as ex-GE CFO Jamie Miller .

He is trying to find more cost savings to reinvest in new areas and improve profits.

Despite second quarter sales and operating income rising 8% and 17% , PayPal 's market cap is a fraction of its peak at $79.2 billion .

And so we're being hyper-focused on where we're going to win," Chriss added. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid . You can find more episodes on our video hub or watch on your preferred streaming service..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful