Once a symbol of Silicon Valley's disruptive spirit, PayPal now faces severe challenges, with rumors of acquisitions swirling after its stock price plummeted. This pioneering company in the payments industry, whose founders include Elon Musk and Peter Thiel, experienced years of stagnation in innovation under eBay's ownership and is now striving to reinvent itself. Despite acquiring companies like Venmo, PayPal has yet to find a new core business that can replicate its former glory. As artificial intelligence threatens to reshape the online commerce landscape, new CEO Enrique Lores must lead the company through this current crisis.
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Once a symbol of Silicon Valley's disruptive spirit, PayPal now faces severe challenges, with rumors of acquisitions swirling after its stock price plummeted. This pioneering company in the payments industry, whose founders include Elon Musk and Peter Thiel, experienced years of stagnation in innovation under eBay's ownership and is now striving to reinvent itself. Despite acquiring companies like Venmo, PayPal has yet to find a new core business that can replicate its former glory. As artificial intelligence threatens to reshape the online commerce landscape, new CEO Enrique Lores must lead the company through this current crisis.