Ex-PayPal President David Marcus Says 'Defensive' BNPL Strategy Handed PYPL's Market Share To Rivals, Leading To Stagnant Growth
unknown📝 Article Content
Following a 20% collapse in PayPal Holdings Inc.‘s (NASDAQ:PYPL) stock price and the abrupt removal of CEO Alex Chriss, former company president David Marcus has broken a twelve-year silence to critique a culture of “financial optimization” that he claims has hollowed out the payments pioneer. Legacy Of Optimization Marcus, who led PayPal until 2014 before moving to Meta Platforms Inc. (NASDAQ:META), attributed the company's current struggles to a long-term shift away from product-led innovation
📄 Summary
Following a 20% collapse in PayPal Holdings Inc.‘s (NASDAQ:PYPL) stock price and the abrupt removal of CEO Alex Chriss, former company president David Marcus has broken a twelve-year silence to critique a culture of “financial optimization” that he claims has hollowed out the payments pioneer. Legacy Of Optimization Marcus, who led PayPal until 2014 before moving to Meta Platforms Inc. (NASDAQ:META), attributed the company's current struggles to a long-term shift away from product-led innovation