PayPal Faces Slowing Growth and Rising Competition Under New CEO

PayPal faces growing competition from Apple Pay and Square's Cash App, limiting growth potential according to analyst
New CEO Alex Chriss has challenges ahead like slowing Venmo growth and competitive pressures weighing on PayPal
PayPal stock downgraded due to expectations for lackluster profit growth in low-to-mid single digits going forward
Analyst cites uncertainty around aggressive Braintree pricing strategy as another challenge for PayPal
Chriss taking over as CEO on Sept. 27, replacing Dan Schulman who will stay on PayPal board through May 2024

investors.com

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