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The Latest Breaking News from Dan Schulman

PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown

The reported pause follows a month of concerted federal and state regulatory actions against crypto companies.

Fortune

PayPal CEO to step down amid economic turbulence and slumping shares after years of breakneck growth

Dan Schulman joined PayPal in 2014, shortly before the company split from eBay.

Fortune

PayPal chops hundreds of Bay Area jobs in fresh jolt to tech sector

SAN JOSE, California — PayPal has revealed plans for a fresh round of job cuts in San Jose, a staffing reduction that serves as a disquieting sign that the Bay Area’s tech layoffs have yet to run their course.

Tribune News Service

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Jacob Rees-Mogg claims PayPal indulging in ‘cancel culture’ over blocked accounts

US giant should not ‘push political opinions’, says cabinet minister after Toby Young accounts blocked

The Independent UK

PayPal to drop Suns sponsorship if Robert Sarver remains owner

The pressure is mounting on Suns owner Robert Sarver. After receiving a one-year suspension for making racist/misogynistic remarks, PayPal says it will drop its sponsorship of the NBA franchise should Sarver remain the owner of the team.

Tribune News Service

PayPal Expands Payments Services to Help Ukrainian Citizens, Refugees

PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a move a senior Ukrainian official called a huge help as Russian forces continued to attack the country. PayPal Chief Executive Dan Schulman told Deputy Prime Minister Mykhailo Fedorov in a…

Asharq Al-Awsat

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