US Top News and Analysis | PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle

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PayPal is reorganizing its business by spinning off Venmo into a separate, standalone unit—a move aimed at clarifying the app’s performance and making it easier to sell, as the company faces takeover interest, notably from Stripe. The restructuring will also establish two other segments: a PayPal‑branded service for merchants and consumers, and a payment‑services division that includes Braintree and crypto operations. To lead the new Venmo segment, PayPal plans to hire a digital‑banking executive, while two senior leaders overseeing the consumer and small‑business groups are departing. The changes come amid a stalled layoff plan and a broader effort by CEO Enrique Lores, former HP chief, to sharpen the firm’s structure and revive growth after its stock fell sharply from pandemic highs.

Read more: https://www.cnbc.com/2026/04/29/paypal-restructures-venmo-standalone-unit.html

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