PayPal CEO plans to make Venmo standalone unit, CNBC reports
29/04/2026 19:57
** Shares of payments firm PayPal PYPL.O rise 2.2% to $50.4 in afternoon trading ** Co's new CEO is making mobile payments app Venmo a separate business as part of a broader reorganization, CNBC reports ** Report says Venmo will operate as a standalone segment within PayPal, a move that makes it easier to track its performance or potentially sell the business ** Including session's moves, PayPal down 13.2% YTD (Reporting by Varun Sahay in Bengaluru) ((Varun.sahay@thomsonreuters.com))
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