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The road ahead for new PayPal CEO Alex Chriss

With the former PayPal CEO and President Dan Schulman stepping down and the company’s stock dropping more than 24% from a year ago, PayPal’s new leadership has a lot of ground to cover in 2024. The payments sector flourished during the pandemic, causing the stocks in the space to rise. Companies like PayPal (PYPL), however, had trouble adjusting to post-pandemic consumer behavior despite the market rally in 2023. Still, some analysts maintain that while the company has been going through a growth slowdown in the last two years, now is a good time to buy in. Wedbush Securities Managing Director Moshe Katri and Macquarie Capital Senior Equity Research Analyst Paul Golding join Yahoo Finance Live to talk all things fintech in the new year. “What PayPal has gone through in the past year and a half is really a symptom of pretty much every single fintech company in this universe,” Katri said. “You cannot exclusively rely on transaction fees in terms of revenue generation. You have to do more than that.” The challenge for new PayPal CEO Alex Chriss is to build a robust line of services for both merchants and consumers on the platform, Katri maintains. Along with reinvesting in consumer experience, Golding said that he is interested to see how new leadership is going to expand the platform among small and medium-sized businesses and growing the margins around businesses such as BrainTree. To see the full Lead This Way episode: Dan Schulman: The CEO who made PayPal a household name, click here.