Enrique Lores, who took over as PayPal CEO in March, is putting Venmo into a standalone segment within the company, “making it easier to track its progress or potentially sell the business to another company,” according to a report from CNBC. As part of the change, PayPal reportedly aims to hire a banking executive to head up the new Venmo unit.
[Link: PayPal’s new CEO makes Venmo a standalone business unit as potential buyers circle | https://www.cnbc.com/2026/04/29/paypal-restructures-venmo-standalone-unit.html | CNBC]
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PayPal reportedly plans to separate Venmo from the rest of the company.
Enrique Lores, who took over as PayPal CEO in March, is putting Venmo into a standalone segment within the company, “making it easier to track its progress or pot… [713 chars]
Source: The Verge | Published: 2026-04-29T18:45:30Z
Credit: The Verge
