I have no idea how to spell that subject line and was too lazy to look it up.
Enrique spoke yesterday and he basically trashed the business model Alex put into place and said PayPal focused too much on merchants at the cost of consumers.
When Alex came in he trashed the model Dan had in place and said we focused too much on large enterprise at the cost of small businesses. So he hired Gill and lifted that whole pillar. We know what happened to that when Enrique joined.
It’s absolutely clear to me that Enrique is throwing the last spaghetti on the wall and praying it sticks. So now, sc--w you branded checkout and merchants. We are a consumer first company. Good luck! Wall Street responds as Wall Street responds.
https://www.investing.com/news/transcripts/paypal-at-goldman-sachs-communacopia--technology-conference-reset-deepens-93CH-4894720