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PayPal shares slump as CEO replaced, outlook cut

By Frank Prenesti

Date: Tuesday 03 Feb 2026

(Sharecast News) - PayPal shares slumped on Tuesday as the digital payments company replaced its chief executive after a disappointing earnings outlook, saying it was unhappy with the pace of change.
Former board chair Enrique Lores was appointed as CEO from March 1, replacing Alex Chriss. "While some progress has been...

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