PayPal Acquires Cymbio to Dominate AI-Powered Shopping
PayPal buys Israeli startup Cymbio to help merchants sell through AI chatbots like ChatGPT and Copilot. Deal valued in hundreds of millions, closing in 2026.
PayPal buys Israeli startup Cymbio to help merchants sell through AI chatbots like ChatGPT and Copilot. Deal valued in hundreds of millions, closing in 2026.
Morgan Stanley downgraded PayPal to Underweight, citing slow checkout improvements, weak Venmo monetization, and sluggish growth outlook.
PayPal has filed applications to establish PayPal Bank, a Utah-chartered industrial loan company, aiming to expand small-business lending and offer savings accounts to customers.
Bank of America downgraded PayPal to Neutral, lowering its price target to $68. The firm cites slower-than-expected progress in boosting branded checkout growth and expects limited near-term upside.
PayPal expects "tougher comparisons" this quarter and slower branded checkout growth, but anticipates easier conditions in 2026 after APAC tariff headwinds ease.
Western Union plans to launch USDPT, a dollar-backed stablecoin on Solana, letting 100M users send money globally faster and cheaper.