PayPal Holdings, Inc. (PYPL) Faces Pressure as Revenue Falls Short and CEO Change Looms

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PayPal Holdings, Inc. (PYPL) is experiencing significant pressure after its fourth-quarter revenue and profit fell short of analyst projections, leading to a substantial intraday stock decline. Alex Chriss will be replaced as CEO by Enrique Lores of HP Inc. due to the company’s poor performance and failure to meet turnaround goals. The company also saw a decrease in growth for PayPal-branded online checkouts, attributed to global economic headwinds and reduced US retail spending.

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