PayPal

Peter Thiel

Early Facebook investor Peter Thiel to step down from Meta board

Facebook-parent Meta Platforms Inc has said that controversial billionaire investor Peter Thiel, an early investor who has been on the company’s board since 2005, has decided...

FinTech player, PayPal

PayPal gives downbeat earnings forecast, shares plunge

PayPal Holdings Inc has forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc’s ongoing move to ditch its payments ser...

Bureau of Financial Protection

US consumer bureau orders fintech firm LendUp to halt new loans, pay penalty

The US Consumer Financial Protection Bureau (CFPB) ordered LendUp Loans to pay a $100,000 penalty, stop issuing new loans and halt collecting on certain outstanding ones after repe...

Klarna

Klarna launches ‘Pay Now’ service in US

Klarna has said it has launched its “Pay Now” service in the US to allow customers to pay immediately and in full at any online retailer where the Swedish financial tec...

FinTech player, PayPal

Sources: PayPal in $45 billion bid for Pinterest

PayPal has offered to buy Pinterest for some $45 billion, people familiar with the matter have suggested, a combination that could herald more financial technology and social media...

Platform Industry: Apple logo on a window

Apple warns of cybercrime risks if EU forces it to allow others’ software

Apple has ramped up its criticism of EU draft rules that would force it to allow users to install software from outside its App Store, saying that would boost the risk of cybercrim...

Thoughtworks Inc

Thoughtworks valued at about $9 billion after shares surge in debut

Shares of Thoughtworks Inc jumped nearly 24% in their Nasdaq debut, valuing the company at nearly $9 billion, after the software consultancy business priced its initial public offe...

FinTech player, PayPal

CNBC reports that PayPal is exploring stock-trading platform for US users

Shares of PayPal Holdings Inc jumped yesterday after a report that it is exploring ways to let its US customers trade individual stocks on its platform.

Robinhood Markets

Robinhood shares fall after PayPal news, SEC scrutiny of revenue stream

Shares of Robinhood Markets Inc, a popular gateway for trading meme stocks, tumbled nearly 7% on news that PayPal Holdings Inc may start an online brokerage and a report saying reg...

FinTech player, PayPal

PayPal launches crypto buying and selling in the UK

PayPal Holdings Inc will allow customers in the United Kingdom to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company has said.

Platform News: PayPal

PayPal’s Venmo allows credit cardholders to buy crypto with cashback

Paypal Holdings Inc-owned Venmo has rolled out a feature that would allow holders of its credit cards to automatically buy cryptocurrencies with the cashback earned on their purcha...

Platform News: PayPal

Gloomy outlook dulls PayPal’s quarterly profit beat

Shares of PayPal Holdings fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a ...

FinTech player, PayPal

PayPal to research transactions that fund hate groups, extremists

PayPal Holdings Inc is partnering with non-profit organisation the Anti-Defamation League (ADL) to investigate how extremist and hate movements in the US take advantage of financia...

Afterpay

Australia’s Afterpay to launch banking app in October

Afterpay Ltd will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intens...

PayPal

PayPal Australia takes on Afterpay with no-late fee ‘buy now, pay later’ offer

PayPal’s new “buy now, pay later” offering in Australia will not charge late payment fees, the US payments giant has said, as it attempts to edge past main indust...

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