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PayPal (PYPL) Stock Plunges 9% as CEO Announces $1.5B Cost Reduction Initiative

Blocknomi Published 05.05.2026 14:33

Key Takeaways Shares of PayPal declined approximately 9% during premarket hours following first-quarter earnings results CEO Enrique Lores announced plans to achieve a minimum of $1.5 billion in gross run-rate…

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