PayPal Sacks 7% Of Global Workforce
/
February 1, 2023
//Comments are Off
Payments giant PayPal is the latest company to announce a mass culling, with President and CEO Dan Schulman confirming it will shed some... Read More
PayPal Under Investigation
/
January 24, 2023
//Comments are Off
Germany’s antitrust regulator opened an investigation into PayPal over potential obstruction of competitors and restriction of price competition. The Federal Cartel Office... Read More
PayPal Latest To Suffer Massive Data Breach
/
January 23, 2023
//Comments are Off
PayPal is the latest company to suffer a massive cybersecurity breach, confirming a large-scale “credential stuffing” attack took place last month, with... Read More
Austrac’s PayPal Probe Likely To Avoid Courts
/
November 7, 2022
//Comments are Off
Austrac is nearing the final stages of a probe into whether PayPal Australia complied with compulsory reporting obligations. The financial crimes regulator... Read More
Shopify Takes On Aussie Banks With Lending Push
/
August 22, 2022
//Comments are Off
Canadian e-commerce giant Shopify will begin lending to small Australian businesses on its platform, with the launch of Shopify Capital. The company... Read More
PayPal Wades Further Into ‘Buy Now Pay Later’ Market
/
June 16, 2022
//Comments are Off
PayPal is wading into the crowded and overvalued buy now, pay later sector, offering installment loans for large purchases. PayPal users will... Read More
PayPal Begins Staff Cuts, Laying Off Dozens
/
May 27, 2022
//Comments are Off
As spending slows on PayPal’s platform, the company has started cost cutting, starting with staff wages. The company has laid off dozens... Read More
PayPal Braces Investors For Slow Year
/
April 28, 2022
//Comments are Off
PayPal has reduced guidance for its full-year performance, as it comes out of its slowest first quarter in five years. Spending through... Read More
PayPal, Mastercard, Visa, Suspend Russian Operations
/
March 7, 2022
//Comments are Off
The two largest credit networks in the world, Mastercard and Visa, along with PayPal, have suspended all Russian operations. All three companies... Read More
Peter Thiel Leaves Meta Board After 17 Years
/
February 8, 2022
//Comments are Off
PayPal co-founder Peter Thiel will step down from the board of Facebook’s parent company Meta, ending a 17-year mentorship of Mark Zuckerberg.... Read More