PayPal CEO's Revamp Promises 'Huge Monetization Opportunity' Despite Stock Drop
TL;DR
PayPal CEO Alex Chriss believes the company has solved checkout problems and unveiled new features focused on checkout speed, marketing tools, personalization offers, and AI at an innovation event, but the stock dropped sharply. The company aims to better monetize its peer-to-peer payment platform, Venmo, by revamping business profiles and enabling service professionals to offer discounts, presenting a "huge monetization opportunity."
Topics:businessbusinesstech#businesstech#competition#digital-wallets#monetization#online-payments#paypal
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