JOURNAL ARTICLE

PayPal Plans to Separate Venmo Into Standalone Unit, CNBC Says.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Chiglinsky, Katherine 3 of 3

Abstract

The article focuses on PayPal Holdings Inc.'s recent organizational changes, specifically making its Venmo service a standalone unit as part of a business line reorganization. This move follows the appointment of Enrique Lores, formerly CEO of HP Inc., who has been revamping reporting structures since taking over as PayPal's CEO in February. PayPal, an early leader in digital payments, has faced challenges in recent years and has attracted acquisition interest from payment processor Stripe. Following the report, PayPal's shares rose 2.3%, partially recovering from a 13% decline earlier in the year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193407885
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