PayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm's reporting lines to separate Venmo, the popular mobile payments app, from the company's other operations, CNBC has learned exclusively.
Venmo will soon be its own standalone segment within PayPal, making it easier to track its progress or potentially sell the business to another company, said people with knowled...
The strongest version of this narrative frames PayPal’s restructuring as a strategic pivot to unlock value, particularly in Venmo, while addressing stagnant growth and competitive pressures. The separation of Venmo could signal preparation for a sale, a move that might appeal to investors given its user base and growth potential. However, the timing—amid leadership turnover, unresolved layoff plans, and stock declines—raises questions about whether this is a genuine growth strategy or a defensiv...