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.
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Morgan Stanley Downgrades PayPal, Cuts Target to $51
Morgan Stanley downgraded PayPal to Underweight, citing slow checkout improvements, weak Venmo monetization, and sluggish growth outlook.
PayPal Applies to Become a US Bank Under Trump Administration
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.
BofA Cuts PayPal Rating as Growth Reboot Slows
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 Faces Tougher Quarter, Sees Slower Checkout Growth
PayPal expects "tougher comparisons" this quarter and slower branded checkout growth, but anticipates easier conditions in 2026 after APAC tariff headwinds ease.
Western Union Enters the Digital Age with Dollar-Backed Stablecoin
Western Union plans to launch USDPT, a dollar-backed stablecoin on Solana, letting 100M users send money globally faster and cheaper.